Doubt

Accountancy

I'm not able to understand the adjustment entry of 16400 of Yash and Tanish given in the Capital Account. Can anyone please explain the logic behind this?

Abishek Narain

CA Inter

★ 10

03-Nov-22 21:37

476

Answers (1)

Best Answer

Yash and tanish are the share holders of the company. After getting the shares in the respective ratio to close the capital account in the firm that adjustment entry is made

Manoj Raj

CA Final

★ 12K+

03-Nov-22 22:19

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