Our Firm is a partnership firm with three partners.
We have a paid some of our expenses such as Travel expenses and Electricity through one of our partners Credit Card.
We have paid credit card payment of our partner through our business current account.
How should we put an entry in tally .
Entry shall be,
Expense Account Dr
To Partners Capital Account
And
Partners Capital Account Dr
To Bank Account.
Boutique Investment Bank & Transaction Advisory Firm
Gurgaon
CA
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Triveni Turbine Limited
Bengaluru
CA
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