Journal entry

259 views
User Avatar

84 Points Posted on 06 December 2020
two diffrent firm, same proprietor of both.
does he transfer cash balance to one to another firm?
by passing journal entry
1 Reply Share Follow
On 06 December 2020 at 18:20 Report
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.

User Avatar

Accountant
3662 Points Posted on 06 December 2020
Yes, you can transfer through capital account
Reply
On 06 December 2020 at 18:39
User Avatar

student
67 Points Posted on 06 December 2020
Yes, you can do this .👍
Reply
On 06 December 2020 at 20:09
User Avatar

84 Points Posted on 06 December 2020
Thanks to all
1 Reply
On 06 December 2020 at 20:35

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Capital gains incidence due to bonus shares
  2. Amendment of Object Clause of Memorandum
  3. How Can I Request a Refund for an Accidental Airte
  4. TDS on salary paid in cash
  5. YEAR END GST ENTRY FOR RCM NOT PAID RS 5000 I.E OU
  6. Last Date To Fill ITR For Non-Audit Case
  7. Guidance Required on Filing Fresh Registration und
  8. IT Return Refund Status AY 2026-27
  9. Clarification Regarding Income Tax Demand Notice
  10. Online PAN Download: Check How?

More recent discussions | Post

Related Topics :

Loading