Payment from capital a/c
This query is : Resolved
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.
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
(Expert)
15 June 2013
ITS ENTRY WILL
CAPITAL A/C
TO CASH/BANK A/C
CAPITAL A/C
TO CASH/BANK A/C
18 June 2013
but Sir,the payment is done from personal a/c so how can we show this personal a/c in accounting.
but Sir,the payment is done from personal a/c so how can we show this personal a/c in accounting.
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.
i have entered this entry but i found same profit.
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