final accounts
This query is : Resolved
22 February 2011
treatment for business creditor directly paid by proprietor not brought into books
23 February 2011
It is not clear from the question, what is exact requirement / clarification u require. If proprietor had directly paid the business creditor from personal account(account which do not relate to business) then pass the following JV. Debit the creditor & credit the capital account of the proprietor in the proprietary business to which the creditor relates
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