capital increase and paid to supplier
Hello
I have one scenario like this,director increasing capital through instrument and the same instrument paid to supplier without hitting company bank account.In accounting point of view entries are
Debit Instrument in hand
Credit Capital
after receiving the instrument,when paid to supplier entry will be
Debit Supplier
Credit Instrument in hand
How this scenario will b treated in application?
I have one scenario like this,director increasing capital through instrument and the same instrument paid to supplier without hitting company bank account.In accounting point of view entries are
Debit Instrument in hand
Credit Capital
after receiving the instrument,when paid to supplier entry will be
Debit Supplier
Credit Instrument in hand
How this scenario will b treated in application?
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