What is enty in Tally of newly capital brought to start
business?
Answer Posted / gaurav bohra
Cash A/c Dr
To Capital A/c
| Is This Answer Correct ? | 17 Yes | 1 No |
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Ram retired from partnership. The partners with mutual consent agreed to put the capital balance as on the date of retirement as loan to the firm @ 18% pa. The credit balance to his capital account was Rs 325000/- Pass necessary entry