stock taken as drawing what should be the accounting entry

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stock taken as drawing what should be the accounting entry..

Answer / sekhardatta

drawings A/c Dr
To purchases A\c
(good at cost price(i.e purchases)have been credited)

Is This Answer Correct ?

19 Yes

2 No

stock taken as drawing what should be the accounting entry..

Answer / buddhpal

By drawing a/c Dr.
To purchase a/c Cr.

(stock detial maintain in the narretion)

Is This Answer Correct ?

3 Yes

1 No

stock taken as drawing what should be the accounting entry..

Answer / pradeep gunuguntla

Drawings A/c ... Dr
To Purchases A/c

Is This Answer Correct ?

5 Yes

4 No

stock taken as drawing what should be the accounting entry..

Answer / patta.mahaboob basha

Drawing A/c DR 0
To Capital A/c

(Being for goods used)

Note:Being it is related to Proprietor A/c

Is This Answer Correct ?

0 Yes

1 No

stock taken as drawing what should be the accounting entry..

Answer / priya

drawings a/c dr to stock a/c

Is This Answer Correct ?

6 Yes

8 No

stock taken as drawing what should be the accounting entry..

Answer / mehar singh

DRAWING A/C DR
TO PROPRIETER

Is This Answer Correct ?

0 Yes

2 No

stock taken as drawing what should be the accounting entry..

Answer / keerthana gowda

Drawings A/C.... Dr
To goods or stock A/C
(being goods used for personal purpose)

Is This Answer Correct ?

0 Yes

5 No

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