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mr.atul purchased a dress for his son amounting to rs 725/-
from dress point by paying cash from the office.
We entered in this trasaction to which voucher?
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Answer / subhash a.
Dear friends here the case is
1. Office cash is been used.
2. Used for personal expense of proprietor or some other person.
The entry must be
Atul A/c Dr. 725
To Cash A/c 725
Because it is not a business purpose.
| Is This Answer Correct ? | 15 Yes | 2 No |
Answer / rabindra nayak
We Entered this transaction in payment voucher
Drawings A/c 725/- Dr
cash A/c 725/- Cr
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / nibin
Athul's Current A/c Dr
to Cash
( Currnet A/c here represent Capital account of that
particular owner's non fixed capital) all other entries
above are wrong
| Is This Answer Correct ? | 1 Yes | 2 No |
Answer / mojjuh@rediffmail.com
the transaction will be as follows,
purchase ac--------- dr 0000
to bank ac 0000
(being purchase made)
| Is This Answer Correct ? | 4 Yes | 10 No |
Answer / raj kumar
purchase/Goods ac--------- dr 725.00
to Cash ac 725.00
(being purchase made)
| Is This Answer Correct ? | 2 Yes | 10 No |
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