Sir,
In Partnership company database (Tally) Can I make entry of Partner's personal Bank Account Transaction?
3 Replies
Sahil Jain (FAFD, DISA, CA)
(Practicing Chartered Accountant )
(2476 Points)
Replied 27 March 2019
No, why will Partners personal bank account come under Partnership books of accounts.
You cannot make Partners personal bank accounts entries in Partnership tally
You cannot make Partners personal bank accounts entries in Partnership tally
Suman Kumar Ghosh
(Accountant)
(32 Points)
Replied 27 March 2019
Sir,
I create a another company in tally with the name of Partners'. Can I make the transaction in this one? Because some transaction was made from partner's personal bank account for business purpose.
Sahil Jain (FAFD, DISA, CA)
(Practicing Chartered Accountant )
(2476 Points)
Replied 27 March 2019
If some transactions are made from Partners personal bank accounts for business then pass following entries :
Expense Ac Dr
to Partners Ac
No need to create new tally. You can pass entries in Partnership accounts and other entry in Partner's account
Expense Ac Dr
to Partners Ac
No need to create new tally. You can pass entries in Partnership accounts and other entry in Partner's account
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