When a business man take his net profit from his firm, how
will make the entry in cash book?

Answer Posted / narasimha

drawing a/c dr
to cash a/c

being the amount take from profit for his personal use
purpose

Is This Answer Correct ?    2 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

how will you handle fairs in askening with the a high posistion person in a company? how will i develop my attitude when interviewed? am always scared.

1617


what is lease accounting?? please explain me....

1816


Explain me what do you think is bank reconciliation statement?

634


Tell me in accounting, how do you define premises?

720


Role-specific management accountant job interview questions:

620






Can anybody tell me the steps involved in Budgeting / Forecasting generally..?. Hints would be appreciated highly.

1940


Tell us in balance sheet, where do you show tds?

610


Explain me your track record in previous jobs, specifically speaking to any mistakes you may have made. There is little room for error in accounting?

658


Any body would tell me how to takeover withholding tax at the time of go live in sap fico

992


hi m freshe working as a account assistance. i want know about accounts, what is balance sheet, profit & loss a/c, trail balance? why these are require to company? how can i know about full account work in tally? what should i do everyday? how to finalisation calculting? kindly explain please..

1598


Plant and machinery destroyed for 50000

1105


can i material bill book in miro without vat on transport charges ?

1611


Can you name any other accounting application?

728


A company purchase goods Rs.2000/- & input vat received rs.100/- but at the time he sold goods 1000/- as a sales & 1000/- as a sock transfer. plz tell me how much take input claim in this case.

1747


What is the difference between lc and bg(letter of credit

1476