India Doubt in book keeping

[deepak]

I have a partnership firm consisting of 2 partner
during opening a bank account for the firm my partner has paid my share of deposit for opening the account which was 50000 Rs ,
now he want to pull back the extra 50% of the bank deposit
how do we account this entry.in the books

 

[smallbushelp]

I think what you're saying is that now after depositing the money, he wants to withdraw some of it. The simplest way to record the transaction would be to use the same account that you did when the deposit was made. For example, when the deposit was made, if you debited cash and credited partner contribution, when making the withdrawal, debit partner contribution and credit cash.