Devinder Kumar (7 Points)
11 December 2022
Yasaswi Gomes new
(Finance )
(4545 Points)
Replied 11 December 2022
We cant do anything if it is an error of original entry. You cant pass a double entry because it will impact another account. So change the number. But if it is recorded in two accounts like
Bank dr 49500
To share capital cr 49500
Then
Add
Bank dr 191
Share capital cr 191
sabyasachi mukherjee
(27654 Points)
Replied 12 December 2022
CA Raj Doshi
(Practising CA)
(8939 Points)
Replied 13 December 2022
Yasaswi Gomes new
(Finance )
(4545 Points)
Replied 13 December 2022
Loss gain arises when payment date is different from purchase date. If purchase and payment made the same day, no loss or gain
CAclubindia
