Tally entry
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 August 2015
I want to introduced funds in business which are generated by selling personal asset.Funds got credited to personal bank account which is not shown in tally accounting.
From these funds i want to make entry to repay loans. What will be entries.
From these funds i want to make entry to repay loans. What will be entries.
10 August 2015
Introduce the funds as capital.
Bank A/c Dr
To Capital A/c
Bank A/c Dr
To Capital A/c
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 August 2015
That bank account is not in accounting where the funds are got credited.
11 August 2015
Open a bank account in the name of the business. Transfer funds from personal bank account to the business bank account.
The entry will remain the same.
Bank A/c Dr
To Capital A/c
The entry will remain the same.
Bank A/c Dr
To Capital A/c
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