Answer / sekhardatta

drawings A/c Dr
To purchases A\c
(good at cost price(i.e purchases)have been credited)

Answer / buddhpal

By drawing a/c Dr.
To purchase a/c Cr.

(stock detial maintain in the narretion)

Answer / pradeep gunuguntla

Drawings A/c ... Dr
To Purchases A/c

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

Answer / priya

drawings a/c dr to stock a/c

Answer / mehar singh

DRAWING A/C DR
TO PROPRIETER

Answer / keerthana gowda

Drawings A/C.... Dr
To goods or stock A/C
(being goods used for personal purpose)

what is deferred income & deferred revenue expenses

1 Answers  

How i should sellone the mobile phone when interviewer will ask sell this phone to me?

0 Answers   FirstSource,

How to calculate opening Balance of Profit and loss account

3 Answers   Capital IQ, TCS, TSC,

Reports in Accounts Payable

0 Answers   Accenture,

Cost Accounting

0 Answers   Chartered Accountant,

How to pass entry for fllowing instance in tally or journal entry: Imported goods worth Rs.17,000/-.Invoice value is Rs.17000/- (its incl. Rs.6,000/- freight), duty for this is Rs.4500/- (its seperate).Kindly tel me how to pass entry for the above?

13 Answers  

how we enter insurance claim entry in tally

4 Answers   Unibiz,

What is debit and credit?

8 Answers  

What is the difference between consigner and consignee?

0 Answers  

My company has taken a car Full payment car cheq throw after loan from ICICI Bank, Assume . Plz pass the entry umesh

3 Answers  

Accounting and Accountancy

2 Answers  

IN ONE OF THE MAUNUFACTURING COMPANY, THE MANAGMENT WAS VERY MUCH INTERESTED TO INTRODUCE ERP(IT IS FOREIGN SOFTWARE)BASED ON SOME ATTRACTIVE FEATURES EXPLAINED BY THE ERP SOFT WARE COMPANY/AGENCY . THE ACCOUNTING STAFF ARE ALL CONVERCENT WITH TALLY ACCOUNTING PACKAGE(INDIAN ACCOUNTING METHOD). THEREFORE THEY WOULD LIKE TO KNOW THAT (I) WHAT ARE THE DIFFERENCE BETWEEN A TRIAL BALANCE FROM NORMAL TALLY ACCOUNTING AND ERP GENREATED TRIAL BALANCE (2) SINCE THE BOTH THE TRIAL BALANCE WILL BE HAVING DIFFEERENT DATAS HOW SOME ONE CAN MAKE A FINAL ACCOUNT SUCH AS TRADING A/C PROFIT & LOSS ACCOUNT AND BALANCE SHEET AS PER INDIAN COMPANIES ACT. THE TRIAL BALANCE AS PER ERP SHOW SOME COST OF PRODCUTION A/C, LABOUR/MATERIAL/VALUE VARIANCE A/C. SAY ALL THESE VARIANCE ARE CORRECT AND BASED ON THE ACTUAL TRANSACTION TAKEN PLACE, HOW SOMEONE CAN A FINAL ACCOUNT MEANT FOR INDIAN ACCOUNTING POLICY WHICH TO BE SUBMITTED TO VARIOUS GOVT BODIES? I AM TOTALLY CONFUSED

1 Answers