Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

Hi everybody,

can anybody tell me what will be the journal entry for (

1). Withdraw from SBH Rs.10,000 for office use.
2). Withdraw from SBH Rs.5,000 for private use.

Thanks,

Answer Posted / md abdul bari

1) Withdraw from SBH Rs.10,000 for office use.
cash A/C Dr. 10,000
To bank A/C 10,000

2). Withdraw from SBH Rs.5,000 for private use.
drawings A/C Dr. 5,000
To bank A/C 5,000

Is This Answer Correct ?    32 Yes 7 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

is there is mentioned that we can adjust excess debtors with creditor in the stock statement while calculating Drawing Power

1600


What is meant by calendar maintenance?

1098


cheque deposit is a contra entry?

2090


What is general entries for Deffered Tax?

2681


What are the rules for debit and credit for different accounts to increase the amount in your business accounts?

1111


Case Study: Deepak Hand tools Private Limited DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in Haryana. The company’s sales in the year ending on 31st March 2007 were Rs.1000 million (Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of return of the company is 14 percent. The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30million per annum. The plant can be sold for Rs.55 million at the end of its economic life. The company would need to raise debt to the extent of Rs.200 million. The company has the following options of borrowing Rs.200 million: a. The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annual installment of interest and repayment of principal. b. A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: 1. Should the company expand its capacity? Show the computation of NPV 2. What is the annual installment of bank loan? 3. Calculate the quarterly installments of the Financial Institution loan 4. Should the company borrow from the bank or from the financial institution?

6471


as muthoot finance is a finance co,so what would be pattern of asking in relation to finance and a/c question?will it be basic or general or it would be market related situation?plz if help me anybody...

2178


what are the limitations of accounting ratios?

997


What have you read in the newspapers in the last few days that particularly interested you?

988


At the time of advance tds deducted 2% contract which was wrong but when we adjusting the adavace tds deducting 10% rent how can we adjusting that amount

1389


Explain some of the accrued expenses and the accounts in which you would record them?

1024


what is the right process for input credit of Service tax. and on which service i can take credit.

1765


Purchase Goods worth rs.1000/ icluding vat of rs 40/ & Service charge receive 1000/ including service charge rs 123.60/ What will be entry in Tally? Please Define me?

1821


How Can We Justify the,Real A/C & Nominal A/C?

2194


How to Automate requirment mapping in QC?

1926