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
- 13312 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
What is the rate of basic excise duty and specific duty And I want to know that how can I see that vat rate in up ,excise duty and tds details Please tell me site plese
what are the different causes for discrepencybetween the balance of cash book and pass book
what is cost accountinp
what is new updates in account
i need sbi bank clerk exam model question papers
how i got knowledge about custom and excise i want rate list of custome and excise how we summit return of custom and excise , Is it include with ser. tax
what is Contra Asset?
How can retify the errors in the trial balance
What is the basic difference between pledge, hypothication and mortgage????
1.What are the basic accounting Standards ?? 2.What is the main importance of Bank Reconcilation Statement? 3. What is Form 407 in Vat ??
what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching
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 does stand for EPD,MIS? Can anyone tell me briefly n clearly about this?
cany anyone explaing what are the functions of an Account Officer/Manager?
what is the main difference between nse & bse operations
