Tally entry
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 August 2015
I want to introduced funds in business which are generated by selling personal asset.Funds got credited to personal bank account which is not shown in tally accounting.
From these funds i want to make entry to repay loans. What will be entries.
From these funds i want to make entry to repay loans. What will be entries.
10 August 2015
Introduce the funds as capital.
Bank A/c Dr
To Capital A/c
Bank A/c Dr
To Capital A/c
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 August 2015
That bank account is not in accounting where the funds are got credited.
11 August 2015
Open a bank account in the name of the business. Transfer funds from personal bank account to the business bank account.
The entry will remain the same.
Bank A/c Dr
To Capital A/c
The entry will remain the same.
Bank A/c Dr
To Capital A/c
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
- Tax on capital gains revoked us 54f
- Refund of AY 22-23
- Should I include march foreign salary received in April in my income for FY 2023-24?
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Inventory of finished goods
- GST APPLICABILITY ON POLLUTION CHECK SERVICE
- Company Incorporation - CA and directors signing from different states
- Applicability of Ind As to associate of associate
- Confusion around Form 26QB fields
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Return material
- TDS is applicable on payment of Fix Meal
- Form ITC 04
- TDR receipts for agreement holder
- Point (III) 9 of GSTR-9C
- MIS MATCH OF INVOICE NUMBER
- 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
