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,
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Answer Posted / imtiyaz
sorry guys both spells are wrong . if you use colour tv as
a stock running into the bussines then it will uder stock
in hand or if you just purchase from other co. then it will
be fixed assets. The entry will be
Drawing A/c Dr
To Capital A/c
Note : - Always drawing will be deducted from capital.If
anything is wrong then let me know
| Is This Answer Correct ? | 11 Yes | 3 No |
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