Answer / sekhardatta

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

Answer / buddhpal

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

(stock detial maintain in the narretion)

Answer / pradeep gunuguntla

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

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

Answer / priya

drawings a/c dr to stock a/c

Answer / mehar singh

DRAWING A/C DR
TO PROPRIETER

Answer / keerthana gowda

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

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X of Kolkata sends out goods costing 300,000 to Y of Mumbai at cost + 25%. Consignor’s expenses Rs 5000. 1/10th of the goods were lost in transit. Insurance claim received Rs 3000. The net loss on account of abnormal loss is (a) Rs.27,500 (b) Rs.25,500 (c) Rs.30.500 (d) Rs.27,000

2 Answers