Which of the following Journal entry is correct for capital introduced by the propeietor through out the year
1.Cash/Bank Dr
To capital
2.Cash/Bank Dr
To Drawings
Menu
Capital
Replies (1)
1st entry is correct.
Recent Topic
- NPS Premature withdrawl -Tier 1 Account
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
- Reporting STCG on non equity oriented MF
Related Topics
CAclubindia
