IF WE PURCHASE TV FOR PERSONEL THEN WE DIDNT RAISE PURCHASE
ORDER WHY ?
Answers were Sorted based on User's Feedback
Answer / avishek bandopadhyay
Here TV is purchased for personal purpose and in business
any transaction happend for the personal purpose is
considered as a drawings. Therefore we can't raise purchase
oerder for the drawings.
Is This Answer Correct ? | 35 Yes | 1 No |
Answer / arun k sharma
This will not recorded in the books of accounts because as per Business Entity Concept transaction are recorded as per Business perspective not as per Personal.
Is This Answer Correct ? | 0 Yes | 0 No |
He did not give an explanistin to anybody, while he's own
mony.
Is This Answer Correct ? | 2 Yes | 12 No |
what is accounting
WHAT IS ENTRY FOR CREDIT SALES?
We bought some machines from Singapore (capital goods), payment made in rupees. but the invoice value is mentioned as USD. 1. party ledger shows (debit side) amount in rupees. now i need to make purchase entry. 2. shall i want to convert USD to rupees? 3. if i do like that the party ledger will be differ.. 4. somebody pls tell me the way to make purchase entry.
how to assign the cost center to GL Account in SAP (FICO)
If a consultant charged his fee n receive so can i pass the journal entry n how i can i maintain bal sheet
Accounts Paybles & accounts Recivable are Real A/c , Personal or Nominal A/cs ?
How to pass accounting entry for a tender cost and under which head? and how to show joint venture in venture's accounting books?under which head?
Is there any different between Modvat & Cenvat...?
what is primary cost category?
how to pass entry in tally for Interest received on sweep credited to saving a/c? In what group it should be come
Allowances means-mobile, trawling is direct exp or indirect exps
Explain about the accounting software "SAP" and discuss its advantanges.