Journal entry

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 May 2017 Dear Experts,
A proprietor of proprietary firm has paid Electricity bill from his saving Account. so plz let me know the Accounting treatment of the same.

Thanks
Ankit Jain

Expert : Anonymous

Expert : Anonymous (Expert)

23 May 2017 Electricity A/c. Dr To Bank A/c

Querist : Anonymous

Querist : Anonymous (Querist)

24 May 2017 Dear sir... we have not consider saving A/C in the books Hence the bank cannot be credit..... my view is can i pass the following entry.....i.e.
Electricity Exp. Dr....
To capital A/C.........

Is it correct....

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok