Double entries for transfer of expenses/losses to equity
Transfer of losses/gains to equity
Reversing a cash transaction in the ledger accounts
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Journal entries
Replies (1)
Capital a/c Dr
to p&l
(loss transfer)
p&l a/c Dr
to capital a/c
( profit trnsf)
cash a/c Dr
to real/personal/nominal A/c
(reversing cash transactions)
to p&l
(loss transfer)
p&l a/c Dr
to capital a/c
( profit trnsf)
cash a/c Dr
to real/personal/nominal A/c
(reversing cash transactions)
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