Journal entry for Remuneration. Bank payment to Remuneration payable.
This query is : Resolved
30 November 2022
JV passed for Remuneartion paid . Bnak entry passed against Remuneration Payable.
Then How to Show Total Year Remuneration amount in Capital Account Credit Side.
1] Remuneration Paid A/c--------------------------------------------------Dr
To Remuneration Payable
2] Remuneration Payable A/c ---------------------------------------------Dr
To Bank
Then at the end how to show in Capital A/c Credit side. Because bank paid against payable.
Then How to Show Total Year Remuneration amount in Capital Account Credit Side.
1] Remuneration Paid A/c--------------------------------------------------Dr
To Remuneration Payable
2] Remuneration Payable A/c ---------------------------------------------Dr
To Bank
Then at the end how to show in Capital A/c Credit side. Because bank paid against payable.
11 December 2022
Is is proprietorship or partnership?
As its already paid and out of your business bank account to your personal account then you can bring back by transferring it to your business account and then credit the capital.
As its already paid and out of your business bank account to your personal account then you can bring back by transferring it to your business account and then credit the capital.
20 August 2023
If you want to credit the capital account then we should not have paid the remunerations in the first place
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