Capital intro by partner

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

 

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics :

Loading
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details