Regarding capital account entry


(Querist)
16 May 2019
Respected Sir's

As per above stated subject I am working in a Partnership Firm as an accounts position.
Two partners started working as a partner through partnership firm.
One of Partner paid the amount through his saving account for purchase of goods from vendor.

So please tell me how to treat this entry for capital account as well as payment made to vendor.

Regards
Ashok


Amol S Joglekar (Expert)


Click to Talk 07 June 2019
debit purchases
credit partner's capital account


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