Payment done from capital a/c
This query is : Resolved
25 May 2013
If the company did any exp for the company & paid from his capital then how we will show this entry & how can we nil this a/c
Please Help Me With This problem!!!!!!
If the company did any exp for the company & paid from his capital then how we will show this entry & how can we nil this a/c
Please Help Me With This problem!!!!!!
25 May 2013
If you are intending to Nil the Share Capital A/c of the company, then that is not possible.
Charge your expenses to P/L and if the same is negative then your net-worth will reduce to Zero. Share Capital cannot be reduced from expenses.
Charge your expenses to P/L and if the same is negative then your net-worth will reduce to Zero. Share Capital cannot be reduced from expenses.
Message likes :
1 times
16 June 2013
Dr. P & L A/c
Cr. Expense A/c
Cr. Expense A/c
18 June 2013
It is transfer entry. Initially when you might have incurred any expenditure you must have debited it, now i am simply giving a transfer entry assuming you have made expenditure entry.
19 June 2013
ok sir in that case, profit is less but also exp is credit.after that there is no change in profit.
i have entered this entry but i found same answer.
i have entered this entry but i found same answer.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Unregistered suppliers utility
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Difference between Date of Payment and Date of Deduction?
- RATE AND HSN CODE
- TDS AND ITR ISSUE
- GST Rate for Catering Services
- FCRA 6 E- Intimation
- EMI ISSUE IN HOUSING LOAN OLD REGIME
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
