Journal entry

two diffrent firm, same proprietor of both.
does he transfer cash balance to one to another firm?
by passing journal entry
Replies (3)
Quick Summary
This discussion addresses how to handle cash transfers between two different firms owned by the same proprietor. The consensus is that such transfers can be managed by passing a journal entry through the proprietor's capital account in each firm.

Yes, you can transfer through capital account
Yes, you can do this .👍
Thanks to all

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