What is the journal entry when Shop Rent is paid from Proprietor's Personal Savings Bank Account??
Thanks is advance.........
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Shop rent paid from propreitor's personal bank account
Replies (4)
Are you showing this account in books of account
For proprietor there is no need to differentiate business account and personal account
| Originally posted by : CA SACHIN | ||
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Are you showing this account in books of account For proprietor there is no need to differentiate business account and personal account |
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What will be the entry in the accounts book of the business ...
Rent a/c dr to bank
Rent A/c dr. To capital A/c
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