What will be entry if company purchase a dog for ware house?
Answers were Sorted based on User's Feedback
Answer / basavaraju
live stock account .....Dr.
to cash a/c
(being Dog purchased for cash to watch the warehouse )
Is This Answer Correct ? | 36 Yes | 4 No |
Answer / sahail bin mohammed
Live Stock A/c Dr
To Cash A/c
{This is the asset purchsed by the owner and also it can
sell by the owner when it is not required. so we can
consider this dog as an asset thats why we are debiting the
live stock.
Is This Answer Correct ? | 14 Yes | 0 No |
Answer / satyaki_raju@yahoo.com
ramya unnecessarily you are decreasing the value of
purchases
Mr Praveen Sharma I dont know why you are bringing
Miscellaneous expenses into light
Mr Anil Goutam why you are debiting business expenditure as
drawings account
think well before you answer anything
Is This Answer Correct ? | 1 Yes | 3 No |
Answer / pravin sharma
live stock (assets) a/c Dr
to cash
(purchase dog is a live stock assets )
Is This Answer Correct ? | 3 Yes | 7 No |
Answer / anil
fixed assets a/c.........................Dr
to cash/bank a/c
(Being an asset bought.)
Is This Answer Correct ? | 2 Yes | 6 No |
Answer / krishna rao
SECURITY A/C DR
CASH/BANK A/C CR
BECAUSE DOG PURCHASE FOR SECURITY PURPOSE,HENCE SECURITY
A/C WILL BE DEBIT & CASH & BANK A/C WILL CREDIT.
Is This Answer Correct ? | 2 Yes | 7 No |
what is the meaning of invoice why company using this ?
Whatis new GL & Odd G.L What is the difference between these two.
WHAT IS SECONDARY TRACKING FLEX FIELD QUALIFIER AND HOW IT IS USED?
Expand-------SNAT
let me know the difference between net cash flow and income
tax on raw material is direct expense or indirect expense
what is the difference between Assets Allocation & Security selection?
Expand--------SOT
Cash discount is allowed to the customer to encourage them - -------------
ACCOUNTING STANDARDS ISSUED BY INSTITUE OF CHARTERED ACCOUNTANCY INDIA FOR PREPARING FUND FLOW STATEMENT
What is COVER payment?
Tell me if the company wants to enhance thier business and incured the cost on other building (like Buliding Material, Iron and Others) so we will put it in to the expenses or i have to put it into the Fixed asset land and buildin by passing this entry Land and Building (Dr) Bank/Cash/Detors) (Cr) Thanks