journal entry for drawings?
Answers were Sorted based on User's Feedback
Answer / dinesh
Drawing a/c dr
To bank a/c
(Draw a chewed for personal use)
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / grace
what if the item taken is not for perconal use but for
Office use?
| Is This Answer Correct ? | 0 Yes | 3 No |
Answer / jahanzaib
Name of the person withdarws A/C dr.
To Cash A/C
| Is This Answer Correct ? | 0 Yes | 3 No |
Answer / dale karthik
New journal for Drawings
Dale a/c to
karthik a/c
| Is This Answer Correct ? | 0 Yes | 6 No |
Answer / e. rajasekaran
drawing a/c dr
to capital a/c
drawing a/c dr
to bank a/c
| Is This Answer Correct ? | 9 Yes | 20 No |
Answer / imtiyaz ali
DRAWING A/C DR
TO CAPITAL A/C
(BEING CASH WITHDRAW FROM BANK FOR PERSONAL USE)
| Is This Answer Correct ? | 12 Yes | 67 No |
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0 Answers Pakistan Atomic Energy Commission PAEC,
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Raj & Raj Ltd purchased a machinery on 01.01.1996 for Rs.88,000.The life of the machine estimated to be 5 Yrs.It was calculated that the old machinery would fetch Rs.8000 at the end of its useful life.it was decided to replace the machinery at the end of the 5th year by setting up depreciation fund and invest the annual depreciation (along with interest earned each year) in gilt edged securities carrying interest at 5% p.a. At the end of the 5th Year the securities were sold for Rs.9000.As per the sinking fund table Rs.14,478 is to be invested every year.A new machine was purchased on 01.01.2001 for Rs.1,00,000.pass the journal entries and show the ledger accounts