In tally drawing accounts come under which account
Answer Posted / shashwat singh
Drawing means any asset , not only cash , withdraw from business by owner for his personal use ......
Drawing may be of different type .
Eg. 1. Drawing of office car for personal use .
2. Drawing of cash
3 . drawing of stocks
etc ...
Entries of above transaction :
1. Dr Drawing
Cr Car ( Fixed asset)
2. Dr Drawing
Cr Cash
3. Dr Drawing
Cr Stock ....
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
what are responsibilities of an accountant in a company?
Questions on Purchase Book & sales Book .Balance sheet , Purchase & Sales Return
i have interview in KVB on 12-12-08. so Please send me some questions asked in previous interviews contucted by KVB?
What is Trade Recovery Estimate and how can we calculate it?
How Many Points include in Mat Calculation , what is the different bitween Gross Profit & Book Profits?
Process of the settlement cycle?
Expand--------TAO
why you want to join the banking and finance industry?
Q13. Journalise the following transactions: Proprietor withdrew for private use Rs.4000/- from bank and 6000/- cash. Goods Costing Rs.5000 was burnt by fire. Purchase Machinery for cash Rs.150000/- and paid Rs.2000/- on its Installation. Charge 5% Depreciation on building costing Rs.200000/- and 8% Depreciation on Furniture costing Rs.5000/-. Prepaid Salary Rs2000/- Kapil who owed us Rs20000/- become insolvent and nothing is received from his estate.
3.In TALLY,we used to call tally erp 9.like that,in sap we used to call SAP ECC 6.0.here what is ECC?,i know the abbreviation of ECC.i want to know the role of ECC?
I WANT ACCOUNT ASSISTANCE INTERWIEV QUETION IN L&T
We have two mandatory qualifiers nature of accounts and balancing segment, which will balance the debit and credit and recognize the nature of accounts, my question is what other qualifiers do. Like management. Thank you.
How Can Pass Credit Limit Entry If We Take Limit Of BANK I Maintain Of Account In Tally.ERP9 Than We Create Bank Ledger of Which Under
what is account & what is finance
If i have a company in India doing purchase from Shrilanka, If i buy in Shrilankan local currency and make the payments in Indian Currency At the end of year how shall i settle the difference Exchange money in Books of Accounts.