stock taken as drawing what should be the accounting entry
Answer Posted / sekhardatta
drawings A/c Dr
To purchases A\c
(good at cost price(i.e purchases)have been credited)
| Is This Answer Correct ? | 19 Yes | 2 No |
Post New Answer View All Answers
Tell us do you have any idea about service tax or excise?
Define public accounting?
Why in SAP external number range should be selected for depreciation posting . any specific reasons for that explain me? Raj
What is an over accrual?
Describe the proof of cash type of bank reconciliation?
Can CPF share given by govt. added in the Financial gross salary while calculating Total gross salary at the end of Financial year.For eg: My gross salary is Rs.X during a Fin. year & govt share of CPF is Y then Total Fin. Year gross salary is =X+Y,is it correct?
can any one send me tally professional version link
What is a cpa?
how many times we can deposit the old currency in one a/c in the bank
FROM WHERE I WILL GET PREVIOUS QUESTION PAPER OF JUNIOR ACCOUNTS OFFICER TEST OF B S N L
Can we Put "TAX INVOICE" in the sale in Transit (E1) Invoice.
WHAT ARE THE LIMITATIONS FACING ACCOUNT CONCEPTS AND CONVENTIONS?
Tell me why some asset accounts have a credit balance?
Can you help me to pass the journal entry for work in progress for a construction company? I would like to know the debit and credit for W.I.P will be under in which accounts head. Eg: debit will be in current asset a/c head, and credit will be under in which a/c in P&L? whether under purchase a/c head, or under direct income a/c head? please give me the details. Thanks for your previous answer?
What is accounting for plant assets?