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company office interior work payment paid by MD on his
personal account what is entry in company accounts book & md
personal a/c book?

Question Posted / anil

Answers were Sorted based on User's Feedback



company office interior work payment paid by MD on his personal account what is entry in company ac..

Answer / sangeetha g

Interior (Asset & Expenes) Dr. ****
To MD a/c ****

Is This Answer Correct ?    15 Yes 4 No

company office interior work payment paid by MD on his personal account what is entry in company ac..

Answer / manmohan gupta

cr md a/c
dr assst & expenses

Is This Answer Correct ?    10 Yes 6 No

company office interior work payment paid by MD on his personal account what is entry in company ac..

Answer / anil yadva

Dr. the expense / Assests a/c

Cr. Drawing A/c
Amount invested by him.

Is This Answer Correct ?    4 Yes 3 No

company office interior work payment paid by MD on his personal account what is entry in company ac..

Answer / rakesh verma

In the books of Company:

Furnitures & Fixtures A/c Dr.
To Managing Director A/c Cr.

In the books of Managing Director:

Company A/c Dr.
To Bank A/c Cr.

Is This Answer Correct ?    2 Yes 1 No

company office interior work payment paid by MD on his personal account what is entry in company ac..

Answer / vikas shahi

Interior Asset & expenses a/c .....dr
To Company a/c

MD ..a/c ......dr
To Company a/c

Is This Answer Correct ?    1 Yes 4 No

company office interior work payment paid by MD on his personal account what is entry in company ac..

Answer / nagachandra pattar

A.(in the Co. books)
Interior Asset & expenses a/c Dr XXXX
To M.D.Loan A/c XXXX

M.D.Loan A/c Dr XXXX
To Cash/Bank A/c XXXX
(when it was Paid)

B.(in the Co. books)
Company A/c Dr XXXX
To Cash/Bank A/c

Cash/Bank A/c Dr XXXX
To Company A/c XXXX
(when it was received)

Is This Answer Correct ?    0 Yes 3 No

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