Answer Posted / muhammad yahya
drawing means, an amount taken away by owner or partner of business for personal use... and he will pay further charges which is called interest on drawings... it is a other income of business and expense of partner... because he is paying further income...
when we take loans from bank then return to bank with interest,,, similarly that above i have mentioned...
| Is This Answer Correct ? | 3 Yes | 3 No |
Post New Answer View All Answers
Expand ________FOR
what is monetary polasy and how it is different from trade polacy? how it will impact on stockmarkets in India?
What is share,Bond, sharecapital, Budgeting, BRS, CA, CL, WC, WACC, Depreciation, types of Depreciation, B/S, CF items and some transactions and Preference Share capital, Equity Share Capital , Debenture and practicle Questions to solve and tell there itself whether the co's good for investing etc..like opinion for problems to find out how good one is with basics.
You been asked to prepare a training class for completing expense statements. What points will you emphasize to insure accurate expense statements are submitted?
Example for extra ordinary expenditure?
If DEBT/EQUITY ratio 2:1, is to good or bad for a company? how...??? can u explain it...???
We are working as Merchant Exporter. My Question is can we Sale the products against 'H' Form to the Exporter after purchasing the material against 'C' Form? Or only Manufacturer can make sale against 'H' Form.
what is the procedure for issuing th C form
CLASSIFY THE FOLLOWING INTO REAL,NOMINAL AND PERSONAL- 1.unpaid salaries a/c 2.arvind mills a/c 3.arvind mills shares a/c 4.prepaid rent a/c 5.fire insurance premium a/c 6.life insurance premium a/c 7.petty cash a/c 8.loan given a/c 9.interest received a/c 10.loan received a/c
fd redeem interest and principal entry in tally
What do u mean by pass through expenses? give examples, how it will be accounted & billed?
Received an order from Babu for the supply of goods Rs.200/-. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?
while i creating a main asset master there is a error called process being terminated? pls send the solution
What are the benefits ofparticipation in a depository?
what are the rules and regulations of junior accountant
