Interested to Buy Any Domain ? << Click Here >> for more details...
stock taken as drawing what should be the accounting entry
- 7 Answers
- 12647 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / sekhardatta
drawings A/c Dr
To purchases A\c
(good at cost price(i.e purchases)have been credited)
| Is This Answer Correct ? | 19 Yes | 2 No |
Answer / pradeep gunuguntla
Drawings A/c ... Dr
To Purchases A/c
| Is This Answer Correct ? | 5 Yes | 4 No |
Answer / patta.mahaboob basha
Drawing A/c DR 0
To Capital A/c
(Being for goods used)
Note:Being it is related to Proprietor A/c
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / keerthana gowda
Drawings A/C.... Dr
To goods or stock A/C
(being goods used for personal purpose)
| Is This Answer Correct ? | 0 Yes | 5 No |
what is difference between company and firm
Accounting golden rules?
What is the Defference between Bank balance and insurance Balance.
Who owns the general ledger?
what is the difference between 'quotation' and 'proforma invoice'?
credit card all entry pass in tally
what is debit balance of p&l a/c show in asset side of b/s?
3 Answers Capital IQ, Sonali Bank,
what is depreciation ? and its entries ?
8 Answers Genpact, HC, HCL, HP, TCS,
What does the word credit mean in terms of accounting?
What are the most important goals of accounts receivable?
What is the definition(meaning) for the Final accounts adjustment 'Uninsured goods lost fire'?
Follow up ageing balances of Debtors & Creditors and also Inventory
Audit 
