sold some office equipment of rs 1,300 (proceeds beingreceived
as rs 700 by cheque and balance in cash) and paid the cheque
into his private bank .
what will be the journal entry
please give answer when you sure about it thanks
Answers were Sorted based on User's Feedback
Answer / chitra
Cash A/c dr 600
Drawings A/c Dr 700
To Office equipment 1300
Is This Answer Correct ? | 17 Yes | 5 No |
Answer / mithin
bank a/c dr 700
cash a/c dr 600
to office equipment 1300
Is This Answer Correct ? | 6 Yes | 5 No |
Is transfer Profit / loss account to capital account important in Tally ERP 9 at the end of the financial year? And what is the benefit of transferring P/L account to Capital account ? Please I want someone to answer my question, this is my second question I posted one question 2 days ago also nobody reply to that question. Thank you.
Hi I would like to know what is journal entry for buying securities with Margin Trading I mean 50% of cost is paid by broker. 2nd question is when we withdraw extra money from the balance we have in bank account which means our balance become (-) what is journal entry for that, should I just credit the bank or should I put the extra money with-drawled as a liability account ? Thank you in advance!
What is Double Entry System ?
Subsidiary ledger and the benefit of making it, explain?
Sir how the enter of GST adjust of sales return
Have you ever made mis reports and what are they?
Dear sir , 1-what is diffrence local tax & vat 2 what is sales tax challan & return due date(monthly & quartly, annually) 3- what is service tax challan & return due tae
Please would you provide me with a defenition of Cycle count tolerance ? Thank you
my interview is on tuesday so i just want to know everything about the interview like which type of question they will ask me as i completed m.com . please helm me plz plz
what do you mean by accrual & due ? What is the difference between Accrual & due?
what is the difference between journal entry and ledger
SHOW CLOSSING STOCK IN TRIAL BALANCE