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Capital account and propriter individual bank account

A/c entries 611 views 4 replies

Dear sir ,

for a propriter Firm , initialy i have made some payment from my personal bank account to purchase some parts for the firm. how can i entry this into Tally so that it i can that take that expanse as a capital infuse to the Firm ???

 

kindly suggest this

 

Replies (4)
Expenses AC. Dr
To Capital account
Yes... You can book the expense to expenditure head and Also with a Journal for the payment...

Expenses AC. Dr 

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I think the answer you are looking for is Expenses Account Dr > Capital Account.

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