Interested to Buy Any Domain ? << Click Here >> for more details...
stock taken as drawing what should be the accounting entry
- 7 Answers
- 12652 Views
- I also Faced
- E-Mail Answers
Answer Posted / keerthana gowda
Drawings A/C.... Dr
To goods or stock A/C
(being goods used for personal purpose)
| Is This Answer Correct ? | 0 Yes | 5 No |
Post New Answer View All Answers
Pls let me know Job profile for Account Manager.
pass the journal as wellas ledger entries off the foll 1st jan :> started businress with cash rs 1,20,000 & goods worth rs 60,000. 2nd jan > cash purchases rs 50,000. 4th jan >cash sales rs 40,000. 6th jan > purchase good's from sonali on credit worth rs 30,000 at 10 % trade discount. 8th jan> sold sood's to komal on credit rs 20,000 at 10% trade discount. 10th jan > paid rent by a cheque rs 50,000. 12th jan > good's worth rs 4,000 lossed by fire. 14th jan > good's worth rs 3,000 withdrawn from business for personal use. 16th jan > good's worth rs 2,000 distributed as free samples. 18th jan > good's worth rs 1,000 exchange for furniture.
What is an ea in accounting?
Wo kya cheez hai jo sal me 1bar mahine me 2 bar aur hafte me 4 bar aur din me 6 bar ata hai?
Is it mandatory for the employees staff of a School, if so give details
What is the difference between perpetual & periodic inventory system?
what is the minimum & maximum amount paid by company per day
How many types of business transactions are there in accounting?
How calculate holding company account?
what is the primary of for-profit organisation
What are premises in accounting sense? What is vat adjustment?
In the case of stock transfer from one branch to another branch any reverse credit is applicable.
Mention what are things will not be included in a bank reconciliation statement?
What is royalty reserve?
Describe a time when you have not met your goal?
