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journal entry for drawings?
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Answer / ravi naidu
drawings a/c dr
to cash a/c
[cash taken by proprietor for personal use]
drawings a/c dr
to purchases a/c
[goods taken by proprietor for personal use]
after this entry drawings are deducted from proprietor's
capital a/c so........
proprietor capital a/c dr
to drawings a/c
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / pindi venkata ramana
DRAWINGS A/C ...DR
TO CASH
(FOR CASH)
DRAWINGS A\C....DR
TO PURCHASES
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / jumana
drawings a/c dr
to trading a/c...
if goods are taken for personal use
if cash is taken
drawings a/c dr
to cash a/c
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / shishank katiyar
i.Drawing A/c Dr
To cash a/c
(being made payment agst personal use)
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / jitendra
drawing a/c dr
To goods
To cash
becouse being bussines bourght goods in bussines not purchese entry
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / govind
(if drawings made for personal use by owner)
Drawing a/c-Dr
to cash a/c-cr
(if goods taken)
Drawing a/c-Dr
to purchases a/c -Cr
(if drawings made from bank for office use)
cash a/c-Dr
to bank a/c-cr
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / chaitanya vrama
drawings a/c dr
to cash a/c (if cash is taken by the owner)
or
to purchase a/c (if goods are taken by owner)
| Is This Answer Correct ? | 0 Yes | 0 No |
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