Interested to Buy Any Domain ? << Click Here >> for more details...
Pass Journal Entry for the following
Mr.A is running Furniture Business. He bought 10 chairs at
Rs.1000 each. He used one chair for his personal use.
- 32 Answers
- 41136 Views
- Genpact, IBM, I also Faced
- E-Mail Answers
Answer Posted / priya
Purchases a/c dr
To cash/bank a/c
Drawings a/c dr
To purchases a/c
here goods are taken for personal use so purchases a/c has
to credited ,If cash is taken for personal use cash has to
be credited
| Is This Answer Correct ? | 2 Yes | 5 No |
Post New Answer View All Answers
Ledger Is The Principle Book Of Accounts In Business. Do You Agree For It. Comment On Your Confirmation?
Dear sir,i have completed M.sc,MBA.STILL I AM NOT GETTING WELL POSITION .I THINK ON LOW BUGET ON COURSE TO IMPROVE MY POSITION IN FINANCE FIELD.
why would you like to opt nbp
Short answer on Allowances
What is the meaning of Receipt & Payment, Income & Expenditure, Profit & Loss A/c? Under What cercumstances these are prepared?
Sir i am working in 3 star hotel as a senior accountant i need some general letter drafts pleas do the need ful
after directing tally 9 to calculate interest as per 30 day option basis on a loan account.........,it still calculates interest as per calender month when checked on to display>statements of accounts>interest payable in tally 9 ...where is the error?? how to correct the function.
what is the meaning of (PDD’s, DOD’s, CFR’s,) based on understanding of the business process
how to calculate IT? if bank intrest:1036 , long term capital gain:448841 short term capital gain :894 , income from rent 225000, and income from other source 347478, Advance tax paid 25000,lic 101508, medicliam 6990 and tds recd.25000
what do you mean by accounting?Explain the various concepts of accounting and the need for having accounting standards?
What is the difference between income statement & Profit&loss A/c?
wht can u do for the growth of bhel?
What is the difference between Balance Sheet , Chart Of Accounts and trial Balance?
Mr. X buys an asset of Rs. 1000/- in cash and with it get an free gold coin what is the general entry for this?
WHAT IS THE PROFILE OF FINANCE EXECUTIVE IN TEXTILE INDUSTRY
