sold some office equipment of rs 1,300 (proceeds beingreceived
as rs 700 by cheque and balance in cash) and paid the cheque
into his private bank .
what will be the journal entry
please give answer when you sure about it thanks
- 3 Answers
- 7097 Views
- Genpact, I also Faced
- E-Mail Answers
Answer Posted / chitra
Cash A/c dr 600
Drawings A/c Dr 700
To Office equipment 1300
| Is This Answer Correct ? | 17 Yes | 5 No |
Post New Answer View All Answers
Dear sir/madam, Want to know entry for closing of sundry creditors account on the end of the year when its accounts shows debit balance, Payment made excess. E.g Invoice rcvd : 100000.00 from XYZ company payment Made: 105000.00 Please suggest best entry for the same
what is "goodwill" reserve and surplus and reserve with example
Why Company maintain's books of account?
HI FRNDS THIS IS NARESH I DONE MBA (FINANCE)IN 2011. AND I DID COMPLETE SAP FICO.I WANT TO DO START CAREER WITH SAP FICO PLZ TELL ME PLZ HAVE ANY INTERVIEW AS FRESHER IN HYD OR PLZ SEND THIS MAIL...NAINALA.NARESH@GMAIL.COM
Tell me what is your track record for consistently achieving your targets?
What can be done incase of excess payment of TDS Remittence than the actual amount? Is there any adjustment towards the excess amount with the upcoming TDS payment? Reference of last quarter challan should be shown while adjusting in next quarter?
What are the difference between Debit Memorandum and Credit Memorandum?
What do you mean by material facts in accounting?
What do we mean by purchase return in accounting?
how to geting finished goods cost with included it's all BOM and all production order cost in sap?
saji become insolvant -what is journal entry
i am working in construction company.we have more then one projects.i enter attendance in payroll projectwise.i want salaries in projectwise not overall in payroll autofill. thankyou sir
List out some of the accrued expenses and the accounts in which you would record them?
Explain the types of ledger?
What is ERP? Diff b/w Income & Expenditure a/c & P/L a/c? What is the fullform & the application of SAP? What is the reasons where Balance sheet will not tally?
