Tally Entry- Owners capital & Profit
This query is : Resolved
Clement Fernandes
(Querist)
01 June 2022
Dear Respected memebrs,
Our company with paid-up capital is recently sold to new owner.
We gave the previous owner his entire capital back and paid a portion of the profit company earned.
Could you please tell us the entry in tally ?
Our company with paid-up capital is recently sold to new owner.
We gave the previous owner his entire capital back and paid a portion of the profit company earned.
Could you please tell us the entry in tally ?
RANGA SRINIVAS
(Expert)
06 June 2022
No entry will come in books of accounts. the transaction is between the buyer and seller of shares.
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