26 December 2010
DEAR SIR MY OWNER HAVE DIFF COMPINES. FROM THAT ONE OF THE CO NAME CALLED P.P.C. ASPER THEIR B/S AS ON 31/12/09 SHOWING THAT MY OWNER HAVE PROFIT RS.100,000/- AND THE SAME TIME MY OWNER IS PAYABLE TO THAT CO RS.60,000/- ON 31/01/10 THEY TRF FROM PROFIT RS.60,000/- TO CLOSE THE PAYABLE(OWNER) . NOW MY OWNER HAVE PROFIT RS.40,000/- ONLY ASPER THEIR A/C NOW I WANT TO POST THIS ENTRY IN MY A/C. I AM WORKING AS HIS PERSONAL ACCOUNTANT. PLEASE GIVE ME THE JOURNAL ENTRY AND THIS I WANT TO POST UNDER EQUITY HEAD OR NOT. P.P.C CO. MAKE ENTRY AS FOLLOWS For Loan - Debit P&L - Credit Loan receivable from Owner Rs. 50,000 Q1. I WANT TO BOOK IN MY A/C ,OWNER NEED FROM P.P.C CO. 100,000/- Q2,FROM THAT AMT I WANT TO CLOSE PAYABLE A/C. PLEASE GIVE ME THE ENTRY.
CAclubindia
