Dear Sir,
proprietor paid labour charges from his personal account/pocket so please suggest below entry in books of account is correct
Labour Charges Dr.
Labour Charges payable Cr
Labour Charges payable Dr.
Capital account Cr
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Labour Charges Paid from Capital account
Replies (2)
Labour charges payable Dr.
Capital A/C Cr
Capital A/C Cr
Labour Charges
To Cash A/c.
To Cash A/c.
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