stock taken as drawing what should be the accounting entry
- 7 Answers
- 11022 Views
- I also Faced
- E-Mail Answers
Answer Posted / buddhpal
By drawing a/c Dr.
To purchase a/c Cr.
(stock detial maintain in the narretion)
| Is This Answer Correct ? | 3 Yes | 1 No |
Post New Answer View All Answers
What is the difference between accrual
please advice example of any single journal entry which include all 3 accounts i.e personal, real & Nominal a/c.
What are the four classifications of bad and doubtful debts as per the context of the bank?
what is the difference b/w gain and profit?
what is journal entries for Vehicle loan settled with bank after Sale of the vehicle on profit or loss in case the party paid check direct to Bank .......???
What is the difference of cost accounting and financial accounting?
whether allowances will be included in calculating esi from gross salary
Definition of push down accounting
how many invoice types are there in accounting and what is the satutary obligations for each invoices and waht are the basic differences in those invoices.
HOW CAN I OPEN A CC A/C ? WHAT ARE THE MINIMUM REQUERMENT TO OPEN A CC A/C ? WHAT ARE THE FACILITY OF A CC A/C IN THE BUSINESS FIELD ? WHAT ARE THE BANK CHARGES AND INTEREST IN CC A/C ?
professional tax payment for april 2017 paid from ranbeers credit card what are the expesses booking entry in tally
Who uses accounting?
I renders interior Services, consider one project cost Rs.500000/- Scenario 1 - Material purchased on my Firm Name Material - 300000 -300000 On party behalf Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit Scenario 2 - Material purchased by client Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit In both Profit is same Rs. 50000/-. which is beneficial for me in terms of turnover or tax matters. and if I have to raise a bill to party as per both scenario, how it will affect bill and tax, where will I suffer loss?
How do you maintain accounting accuracy?
What is the use of form D in sale tax
