How to transfer profit to capital account? | How to withdraw Profit from business?

Created by Book Keeper Team, Modified on Tue, 22 Jul at 11:09 AM by Book Keeper Team

Usually at the end of financial year, there is requirement to transfer profit/loss to capital or withdrawing of profit.

For that you can go to Transactions > Journal > Create


Debit: Profit/Loss A/c
Credit: Capital

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select at least one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article