Rs.5000 paid school fees of Director's son. pass the journal
entry

Answer Posted / rajendra kumar das

DRAWINGS A/C DR. 5000/-
TO CASH A/C 5000/-
( BEING SCHOOL FEES OF SON OF DIRECTOR PAID IN CASH )

Is This Answer Correct ?    130 Yes 21 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is the basic accounting equation?

592


What is accounting & why it is used?

607


What does overhead mean in regards to accounting?

650


cheque deposit is a contra entry?

1687


what are the limitations of accounting ratios?

611






Define retail banking?

622


What are control ledgers?

679


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?

1849


what is the relationship between bookkeeping and accounting?

612


why creditors a/c dr. to discount received a/c ?

998


WHAT IS THE DIFFERENCE BETWEEN ESTIMATED BALANCE SHEET & PROJECTED BALANCE SHHET

7748


Hello friends, I want to sk that Is computer proficiency certificate necessary at the time of SBI clerk Interview?and all other guys who have cleared the nov 2009 exam and have got the bio data form please give replies,,, waiting for replies ,thank you.

1708


SHADOW BALANCE SHEET

12867


Define executive accounting?

753


You are using the accounts approach to parallel valuation and classic assets accounting. You need to create a new financial statement version to valuation based of IFRS principles. In asset accounting, what posting options can you choose for the new depreciation area? (any 2 answer) Area post in real time Area posts APC directly and depreciation periodically Area posts APC only directly Area posts APC and depreciation periodically

993