Regarding capital account entry
This query is : Resolved
16 May 2019
Respected Sir's
As per above stated subject I am working in a Partnership Firm as an accounts position.
Two partners started working as a partner through partnership firm.
One of Partner paid the amount through his saving account for purchase of goods from vendor.
So please tell me how to treat this entry for capital account as well as payment made to vendor.
Regards
Ashok
As per above stated subject I am working in a Partnership Firm as an accounts position.
Two partners started working as a partner through partnership firm.
One of Partner paid the amount through his saving account for purchase of goods from vendor.
So please tell me how to treat this entry for capital account as well as payment made to vendor.
Regards
Ashok
07 June 2019
debit purchases
credit partner's capital account
credit partner's capital account
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Tds on building rent monthly
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- Confusion around Form 26QB fields
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
