How to sattle my joint account in individual accounts

chetan singhania (student)     24 September 2019

chetan singhania
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sir i have joint bank account. my query is supposed that my wife has rental income of rs 100000 per month and my wife issue bill in the name of party. that party credited rent amount in out joint bank account.I paid tax through joint bank account.  i transfer amount of rs 20000 in mywife personal account.  now how to sattle joint bank account in our individual account. how to pass entry


Swetha Yagati   24 September 2019

Swetha Yagati

 2 likes  50 points

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Wife a/c (bank a/c) Dr 100000
to Husband a/c ( bank a/c) Cr 100000
(in books of Husband)

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