WHAT WILL BE ENTRY IF COMPANY PURCHASE A DOG FOR SECURITY
PURPOSE?
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Answer / anurag
purchase of dog mus be book to security expencess for the
very first time with the amount of buy price.
then monthly expencess of look after the dog must be
debited to security expencess.
| Is This Answer Correct ? | 10 Yes | 1 No |
Answer / raghu.aps eveing v b.com
First Ww should know y is dog purchase for Business purpose
or Personal use
If its Nuture of company is security
its
P/l A/c Dr
Indirect Expenses a/c
Personal use
Drawings
Cash a/c
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / piyush trivedi
Dog Purchased for business use.
Living Stock a/c dr. xxxxx.xx -------- (Fixed Asst.)
Cash -------- xxxxx.xx
(Being dog Purchased)
================================================
Dog died.
Loss by Living Stock a/c dr. (indirect Exp.)
To Living Stock (fixed Asst.)
(Dog died)
| Is This Answer Correct ? | 1 Yes | 4 No |
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