Pass Journal Entry for the following
Mr.A is running Furniture Business. He bought 10 chairs at
Rs.1000 each. He used one chair for his personal use.
Answer Posted / raghvendra prasad.k
Furniture a/c Dr/ 10000
TO cash a/c 10000
Drawing A/c Dr 1000
To cash A/C 1000
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
what is the system of accounting and banking in cooperative bank?
What is corporate restructuring?
My BASIC Salary is 18,000
What is the Technology used to carry out trades?
What is the procedure to take loan
what is accounting in automobile
what is the accounting conventions
fiscal year variant Vs posting period variant
Exapnd--------RAN
what is the use of special general ledger if the normal trasaction in usage.
Dear Sir/Madam, Executive Trainee...Finance I had been called for NTPC Group discussion and GD please guide me for getting success in GD and interview...
How to calculate closing stock? I have opening stock of 72 lacs (average costing without tax) and purchase of 49 lacs (with tax) and sales of 101 lacs (without tax). What is my closing stock then???? Should i add tax in sales? Where all should tax be included and where all should tax NOT be included? Right now i calculated => 72(no tax)+49(with tax)-101(no tax) = 20 lacs. IS this correct?
What is the accounting treatment for finance lease in lessee's viewpoint?
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 we will prepare n file income tax returns for individuals?explain