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Internal reconstruction

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 April 2012 Creditors Are reduced to the extent of Rs.100000/-. Actual Creditors are Rs.160000/
Journal Entry for above transaction.
Amount reflected in B/s
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CA Kishore Tallam

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CA Kishore Tallam (Expert)
02 April 2012 Creditors A/c Dr 100,000
To Capital Reduction A/c 100,000
The Balance Sheet will show a creditors of Rs. 60,000.

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