Some amount taken from proprietor
This query is : Resolved
Mohd Nasruddin
(Querist)
13 October 2017
Hi,
we have taken some amount from proprietor , what will entry be in tally, please let me know with under group. we have got a entry unsecured loan in balance sheet ,
for example : raheem is proprietor in a firm and we taken from him 200000.00 rupees, please support me in entry in tally
awaiting for reply
Mohd nasruddin
we have taken some amount from proprietor , what will entry be in tally, please let me know with under group. we have got a entry unsecured loan in balance sheet ,
for example : raheem is proprietor in a firm and we taken from him 200000.00 rupees, please support me in entry in tally
awaiting for reply
Mohd nasruddin
Ashiwini Ballodia
(Expert)
13 October 2017
Amount withdrawn by proprietor, it will be adjusted through capital account
Mohd Nasruddin
(Querist)
13 October 2017
thank for follow up me , let me know, do i show to proprietor's unsecure loan in the balance sheet
Ashiwini Ballodia
(Expert)
13 October 2017
No not required because it will be adjusted with capital account
Ashiwini Ballodia
(Expert)
13 October 2017
And how can a person can give loan to himself because proprietorship & individual is treated as same
Mohd Nasruddin
(Querist)
17 October 2017
OKEY, THAT IS CONFIRM
Ashiwini Ballodia
(Expert)
17 October 2017
Yes, it is confirm. Show only one ledger
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