Journal Entry Partnership Form Que23

Salem (Tax Acc) (21 Points)

04 August 2023  

Hello Sirs

"My Shoppe" is a partnership firm.Mr Man is a Partner and Ms Woman is another partner. 

Please help me - What will be the journal entry in Tally

 

1. What will be the Journal Entry "In Individual Partner Books of Accounts" when Mr Man introduced capital of Rs 20000.00 in the Firm.

 

2. What will be the Journal Entry "In Firm Books of Accounts" when Mr Man introduced capital of Rs 20000.00 in the Firm.