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 / vijaykumar.s
Cash A/c. Dr. 5000
Drawing A/c.Cr. 5000
To Bank [ SBH ]A/c Cr. 10000
Being cash drawn from bank in this 5000 used for personal
If is mistake kindly update me
S.vijay369@gmail.com
Is This Answer Correct ? | 10 Yes | 17 No |
Post New Answer View All Answers
When we are doing the reconciliation process in cash management please tell me what are the different status will happen and when will it happen. Please help me out.
Mention why some asset accounts have a credit balance?
What is the importance of accounting standards?
'Talk me through an example of how you have used data to improve your teams productivity.'
Assume that the real risk-free rate is 3% and that inflation is expected to be 8% on year 1,5% in year 2,and 4% thereafter.Assume also that all Treasury bonds are highly liquid and free of default risk. If 2-year and 5-year Treasury bonds both yield 10%,calculate the difference in the maturity risk premium on the two bonds.
Can CPF share given by govt. added in the Financial gross salary while calculating Total gross salary at the end of Financial year.For eg: My gross salary is Rs.X during a Fin. year & govt share of CPF is Y then Total Fin. Year gross salary is =X+Y,is it correct?
i have pay to 250000 excise duty so i ask to all how can maintain entry in tally ?
Volga is a large manufacturing company in the private sector. In 2007 the company had a gross sale of Rs.980.2 crore. The other financial data for the company are given below: Items Rs. In crore Net worth 152.31 Borrowing 165.47 EBIT 43.17 Interest 34.39 Fixed cost (excluding interest) 118.23 Calculate: a. Debt equity ratio b. Operating leverage c. Financial leverage d. Combined leverage. Interpret your results and comment on the Volga’s debt policy
Do you know balancing in accounting?
What are the two most important Factor that should be kept in mind when there is a buy back of shares in companies as per indian companies act,1956
What is the tds effect in balance sheet if tds receipts?
Why are accounting standards necessary?
what is t code of all expences general legder?
6. Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?
I am working in govt. sec. How to make journal entry in books for Fix Deposit