The Book-keepers Forum (BKF)
The Book-keepers Forum (UK) -> General Book-keeping & Accounting -> Capital Introduced
Post Info TOPIC: Capital Introduced
Amanda


Expert

Status: Offline
Posts: 1991
Date:
Capital Introduced
Permalink  

Hi Everyone,

Just a quick question, if a client transfers some money into his business account from a personal account thats not linked to the business, do I post it to Shared Captial Account, or do I list it as Misc income??

Or one last thought do I list as drawings, because technically it was taken out of the company as drawings, and now hes putting it back in. So in affect crediting the drawings account.  Sorry if I sound long winded!

Many thanks

A xw00t.gif


__________________

Amanda
Dustin57


Senior Member

Status: Offline
Posts: 125
Date:
Permalink  

You would need to debit the business bank account and credit the clients capital account as this would be capital introduced. This would be the case even if he had previously withdrawn the money, as this should have been treated as drawings.



__________________
"People who are exceptionally good in business arent so because of what they know but because of their insatiable need to know more"
Amanda


Expert

Status: Offline
Posts: 1991
Date:
Permalink  

Hi,

Thanks, I thought maybe it was capital but its nice to get the answers on this forum. Its very useful.

Many thanks

regards
A x

__________________

Amanda
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
The Book-keepers Forum (UK) -> General Book-keeping & Accounting -> Capital Introduced
Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  
©2007-2024 The Book-keepers Forum (BKF). All Rights Reserved. The Book-keepers Forum (BKF) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. 2 Laurel House, 1 Station Rd, Worle, Weston-super-Mare, North Somerset, BS22 6AR, United Kingdom. The Book-keepers Forum and BKF are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Book-keepers Forum. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Book-keepers Forum. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: bookcertltd@gmail.com.

Privacy & Cookie Policy  About