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In Proprietorship Accounting How Does The Entry Made Of
Salary To XYZ When XYZ Become The Proprietor Of The
company?

Question Posted / satish

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In Proprietorship Accounting How Does The Entry Made Of Salary To XYZ When XYZ Become The Propriet..

Answer / tej prakash sati

We can directly debit to Properietor's account by credit
the Cash/Bank account.

Is This Answer Correct ?    2 Yes 1 No

In Proprietorship Accounting How Does The Entry Made Of Salary To XYZ When XYZ Become The Propriet..

Answer / abbas

First, we have to know that whether a proprietor take a
salary ??? no if partner take a salary , he is a sleeper
partner. so whatever, it is the entry is

xyz A/C................DR
TO
CASH A/C

Is This Answer Correct ?    1 Yes 2 No

In Proprietorship Accounting How Does The Entry Made Of Salary To XYZ When XYZ Become The Propriet..

Answer / arihant

simply do
salary a/c dr.
To cash/bank

Is This Answer Correct ?    0 Yes 1 No

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