When a business man take his net profit from his firm, how
will make the entry in cash book?
- 3 Answers
- 4848 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / narasimha
drawing a/c dr
to cash a/c
being the amount take from profit for his personal use
purpose
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / binu.vs
Parter Drawings a/c Dr. (under current Assests)
To Cash
(being cash paid to partner for his personal use)
| Is This Answer Correct ? | 0 Yes | 0 No |
what is depreciation? what are depreciation methods? please explain those method? can any one reply urgently? Answer
If A invested Rs.50000/- in F.D. & After maturity he got 56500/-. He added more Rs.43500/- in it & make F.D. for Rs.100000/- how i pass this entry. still bank has not credited 56500/- to A`s Account. please answer me
What is the meaning of Journal Voucher? when u have to use this transaction tell me breif?
what is salary slab for tds
What is the meaning of Central Excise and State Excise Duty & also want to know differnec between them
sir what is the depreciation and how to calculate depreciation as per company books, i need as per IT ACT, AND Companies Act give me clarification with example
What is the Bank Reconciliation? And How i can do its entry in busy Software
A firm had the following Balances on 1 January 1994: (i) Provision for bad and doubtful debts Rs 2,500 (ii) Provision for discounts on debtors Rs 1,200 (iii) Provision for discounts on creditors Rs 1,000 During the year, bad debts amounted to Rs 2,000, discounts allowed were Rs 100 and discounts received were Rs 200. During 1995 bad debts amounting to Rs l,000 were written off while discounts allowed and received were Rs 2,000 and Rs 5,000 respectively. Total debtors on 31 December, 1995 were Rs 48,000 before writing off bad debts, but after allowing discounts. On 31 December, 1995, this amount was Rs 19,000 after writing off the bad debts, but before allowing discounts. Total creditors on these two dates were Rs 20,000 and Rs 25,000 respectively. It is the firm’s policy to maintain a provision of 5% against bad and doubtful debts and 2% for discount on debtors and a provisions of 3% for discount on creditors. Show the accounts relating to provisions on debtors and provisions on creditors for the year 1994 and 1995.
Whether Depreciation to be posted in debit side or credit side?
what is the pecentage of sale tax
when I make a telephone payment to Airtel, under which group airtel fall?
Sir how the enter of GST adjust of sales return
Audit 
