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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?

Question Posted / ranjita

Answers were Sorted based on User's Feedback



mr.atul purchased a dress for his son amounting to rs 725/- from dress point by paying cash from t..

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

mr.atul purchased a dress for his son amounting to rs 725/- from dress point by paying cash from t..

Answer / prakash

Drawings a/c dr
to cash

Is This Answer Correct ?    9 Yes 0 No

mr.atul purchased a dress for his son amounting to rs 725/- from dress point by paying cash from t..

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

mr.atul purchased a dress for his son amounting to rs 725/- from dress point by paying cash from t..

Answer / mahendra

Drawing a/c Dr. 725
to Cash Cr. 725

Is This Answer Correct ?    1 Yes 0 No

mr.atul purchased a dress for his son amounting to rs 725/- from dress point by paying cash from t..

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

mr.atul purchased a dress for his son amounting to rs 725/- from dress point by paying cash from t..

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

mr.atul purchased a dress for his son amounting to rs 725/- from dress point by paying cash from t..

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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