Interested to Buy Any Domain ? << Click Here >> for more details...
Hi Everybody,
i would like to know the journal entry for the below
question,
1). One color Tv is taken by proprietor for Personel use.
also in TALLY Accounting package how i can post,if it is
drawings,under which account, please let me know.
Thanks,
- 12 Answers
- 15750 Views
- I also Faced
- E-Mail Answers
Answer Posted / satyakiraju
So many wrote Drawings Account Dr to Capital.
Pl mind capital account always shows Credit bal Drawings
decrease the value of capital. So all you are instead of
decreasing Capital balance increasing Capital
DRwaings A/c Dr
To Purachse of TVs is correct
Or if it is exclusively purchased for proprietors personal
use you have to pass the entry as
Drawings A/c Dr
To Cash
( Being TV purchased for proprietor)
I am giving practical exposure in Tally Accounting thru
online classes with original business documents. If
interested pl send your mail id to my telephone for
specially prepared notes to watch my classes
cell:9393999757
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
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?
Other accounting interview questions to expect when you interview for an accountancy job include:
Define fair value accounting?
What do we mean by Redemption of shares and debentures?
There are two Business areas 1100 and 1200. I need to pick 1200 b.areaonly While enter the transaction? could any one please post the answer for this.
What is the difference between provision and reverse?
How do we calculate the cost of investment?
How Can We Justify the,Real A/C & Nominal A/C?
Why did you select accounting as your profession?
what is the new rate of c.s.t in uttraklhand
Definition of push down accounting
Tell us in accounting, how do you define premises?
What is an over accrual?
sir, i want t know, i got a cheque frm sindhu (that amount i gave her as rent advance, she is returning nw) bt the cheque has cancled and bank take cheque return charges so plz give this journal entries.
Please provide me the entire format of P.F. & ESI
