Journal entry
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 June 2014
a share holder settles an invoice of rs.50000 $ on behalf of xyz company. how can we booked ?
CA UMESH DULAL
(Expert)
18 June 2014
how he has settled the account ? by paying cash or by forgoing his claim?
Rupesh Jain
(Expert)
18 June 2014
you book exp or purchase a/c debit and credit the share holder a/c
when you make payment to share holder then
debit the share holder a/c
when you make payment to share holder then
debit the share holder a/c
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