Re: Closer Bank Account entry
This query is : Resolved
05 September 2022
The company is preparing a set of unaudited financial statements for the striking-off company. The bank balance funds have been transferred to the shareholder company. What's the correct entry to be posted?
DR: Other equity or Retained Result
CR: Bank
DR: Other equity or Retained Result
CR: Bank
05 September 2022
Yes, pass the entry it's right.
07 September 2022
Thank you for the advised. May i know under the cash flow statement, would it be under the "Financing activities" stated as Repayment equity? If it's in correct, what is the correct category?
Thanks
Thanks
07 September 2022
Yes it's right.......
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