Payment from capital a/c

This query is : Resolved

urmila (Querist)
Follow

15 June 2013 if We did any expense for the company & payment done from their Capital then how can we show this entry??
Let's Suppose,if ,We paid company Electricity bill from capital A/c ..then how we will adjust this entry in data.

Dr. Electricity
Cr Capital A/c

is this entry correct or not??

Please help me with this problem.i m just little bit confused in this question.

Rupesh Jain

Rupesh Jain (Expert)
Follow

15 June 2013 ITS ENTRY WILL

CAPITAL A/C
TO CASH/BANK A/C

urmila

urmila (Querist)
Follow

18 June 2013
but Sir,the payment is done from personal a/c so how can we show this personal a/c in accounting.

urmila

urmila (Querist)
Follow

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 profit.

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