Interested to Buy Any Domain ? << Click Here >> for more details...
what will be the journal entry for this transaction?
purchased furniture for personal use of rupees 2000.
now tell me is it business transaction or a personal
transaction??
- 3 Answers
- 13452 Views
- ICA, I also Faced
- E-Mail Answers
Answer Posted / narender kumar
if it is business transaction
it will be:
drawing a/c dr.
To cash a/c
and if it is personal transaction
there will be no entry bcoz of accounting concept.
| Is This Answer Correct ? | 17 Yes | 13 No |
Post New Answer View All Answers
discounted our own note 60-18% for 4,500 note. the proceeds will be directly credited to bank account. what is the entry of this?
How can a shopkeeper maintain the daily data in tally
What is Split And buy-back?
how can i make configration relation with inflation in sap
Why you choose commerce faculty & not science or Why you are in commerce & not in science ?
what is meant by virus
What are Corporate Action?
Expand---------SDRT?
Expand SOIT
Define capital
Expand---------PDBC
What Settlement details are required on the delivery instruction slip?
what is your achievements?
is it possible that on dealer of work contract can opt composition and non-composition both scheme in dvat?
You placed an Order for some books but it was not delivered on time or the books were damaged, so are write Complaint Letter to the Shopkeeper about it.
