What is the journal entry for drawing money from bank for personal use?
- 8 Answers
- 8322 Views
- I also Faced
- E-Mail Answers
Answer Posted / raghuvstar@gmail.com
Drawing/Capital A/c Dr
To Bank A/c
(Being Cash withdrawn for Personal use)
| Is This Answer Correct ? | 1 Yes | 2 No |
Post New Answer View All Answers
Q1.How depreciation deffer from depletion? Q2.show the main benefit from calculating and recording depreciation.
pass the journal as wellas ledger entries off the foll 1st jan :> started businress with cash rs 1,20,000 & goods worth rs 60,000. 2nd jan > cash purchases rs 50,000. 4th jan >cash sales rs 40,000. 6th jan > purchase good's from sonali on credit worth rs 30,000 at 10 % trade discount. 8th jan> sold sood's to komal on credit rs 20,000 at 10% trade discount. 10th jan > paid rent by a cheque rs 50,000. 12th jan > good's worth rs 4,000 lossed by fire. 14th jan > good's worth rs 3,000 withdrawn from business for personal use. 16th jan > good's worth rs 2,000 distributed as free samples. 18th jan > good's worth rs 1,000 exchange for furniture.
How calculate holding company account?
What is mis report , how to prepare mis report for general ledger?
Tell me the stages of double entry system?
IF SALES BILL PREPARED BY CHARGING CST 4 WHEN THERE IS CST 4 TO BE CHARGED. BUT NOT 2010-2011 CST IS 2%. NOW WE HAVE TO PREPARED CREDIT NOTE AGAINST THAT BILLS WHICH CHARGED CST4 AT THAT TIME. THEN I HAVE TO ASK THAT HOW TO MAKE CREDIT NOTE NOW I.E 2010-2011 BY CHARGING 4% OR 2% ?
What is control in accounting?
journal entry for goodwill and capital bought by a new partner?
What other careers are you considering?
i WANT TO KNOW WHAT IS THE INTEREST RATE IF WE CAN NOT PAY THE DEPOSIT SALE TAX AMOUNT WITH IN PERIOD
What is vendor?
Can you differentiate public and private accounting?
Dear sir , 1-what is diffrence local tax & vat 2 -what is sales tax. tds. service tax challan & return due date(monthly & quartly, annually) 3- what is deprecation rate in company act 4-what is income tax latest limit-
What are accounting entities?
how to calculate vat,pf,esi,service tax in corporate firm
