Capital intro by partner

A/c entries 385 views 2 replies

what would be the accounting entry for the partner introduce capital in a firm and in his personal a/c (individual)?. in which head the same has to show respectively?.

Replies (2)

In the Books of Firm:
 

for capital Indoduced:

  • Cash A/c or Bank A/c  Dr.
    To Partner's Caapital A/c (if No Fixed capital is maintained) or
    To Partner's Current A/c

For Loan given by partner:

  • Cash A/c or Bank A/c  Dr.
    To Partner's Loan A/c (under Unsecured Loans)

In the books of Partner, show as investment (Capital Contribution) or Loans & Advances (any other Advances)

In books of firm

Cash/Bank Dr.

   To Partner Capital a/c

 

In Personal book of partner

investment At (Firm name )

   To Bank/cash

 

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details