journal entry for drawings?

Answer Posted / neelam rajesh

(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 ?    101 Yes 13 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How you implemented a chargeback system?

1799


how many types of financial teribuanal? what is that?

1535


sir,how to get strong position in finance .how to get good position in company. qulification.Msc,MBA

1701


Expand RMP

1836


WHICH IS MORE RISKY TO A BANKER, A CASH CREDIT OR A LETTER OF CREDIT

1687






last date of tds deposit yearly,tds proforma challan

2195


what are responsibilities of an accountant in a company?

1775


what is cost audit?

1611


Why you want to leave your present job while they offer you with good offer?

1514


outstanding expenses, prepaid or unexpired expenses

3527


plz send all previous question papers for SBI clerical post.My email id is mechabhilash6@gmail.com

1515


Short Answer on _____________Whole Sale Trade

1687


EXPAND___________LNG

1554


Is depreciation a expense or income?

1237


How can a Society be converted to a Private Limited Company in the Real Estate Industry and at the same time have the least tax liability upon it's profits earned during the financial year closing

1783