Capital withdrawal

Others 168 views 9 replies

Dear Sir,

we are just started a news business and we are three partners in the company. all partners are capitalized the same amount as a investment. and one partner is withdrawal some amount from his capital fund. then how we can book it in tally. please expedite with the journal voucher. 

Replies (9)
Partner's Capital account Dr. To Bank account
Partner's Capital account Dr. To Bank account

sir but we paid by cash

 

So credit cash account.. easy..

Yes Sir, that is the journal entry. but i have some doubts. when we are entry in tally in journal voucher, there cash entry is possible??

You'll use payment voucher not journal voucher.

thank you sir. thanks for your advice

 

You're welcome .
Partner's capital a/c.... Dr
To cash a/c


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