capital introduced by partners?
how it will be shown in tally?
(i.e.at the place of Account what we have to post)
(at the place of particulars what we have to post)
(in which vocher we can post it)
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Answer / Sarover Singh
Capital introduced by partners is a component of partner's capital account and will be posted in the 'Particulars' column as 'Capital Account - Partner's Name'. The posting will be done on a journal entry using a Debit voucher, where the debit side includes 'Partner's Capital - Capital Introduced' and the credit side shows the relevant bank account or cash account.
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