company office interior work payment paid by MD on his
personal account what is entry in company accounts book & md
personal a/c book?
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Answer Posted / nagachandra pattar
A.(in the Co. books)
Interior Asset & expenses a/c Dr XXXX
To M.D.Loan A/c XXXX
M.D.Loan A/c Dr XXXX
To Cash/Bank A/c XXXX
(when it was Paid)
B.(in the Co. books)
Company A/c Dr XXXX
To Cash/Bank A/c
Cash/Bank A/c Dr XXXX
To Company A/c XXXX
(when it was received)
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