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Querist : Anonymous

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Querist : Anonymous (Querist)
18 June 2014 a share holder settles an invoice of rs.50000 $ on behalf of xyz company. how can we booked ?
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
18 June 2014 how he has settled the account ? by paying cash or by forgoing his claim?
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Rupesh Jain

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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
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