Which entry we pass self entry like cash withdraw for ourself
Answer / Shashank Kumar Singh
In accounting, self-entries like cash withdrawals for personal expenses would typically be recorded as journal entries in the accounting system. These entries are often entered under the account used for petty cash or personal expenses. However, it is crucial to adhere to proper company policies and ensure that such transactions do not conflict with any ethical or legal requirements.
| Is This Answer Correct ? | 0 Yes | 0 No |
What is direct tax & indirect tax
expand--------ABCD
Expand SCERT
what is meant by fixed deposit?
Expand----------CTSS
fill in the Blanks Closing balance of _________will not find place in next year books
Expand DPCO
Reserve Capital and Reserve Capital
what business entity concept ?
What is bad debt ? how does it effects on Balance sheet and profit and loss account?
income from depreciated asset is profit or loss?
Do I need a waybill in the following case:- If I purchase (on bill) small quantity goods (like artificial jewelry) from one state (say Delhi) and transports it personally (say via flight) to other state (say West Bengal) along with my personal belongings and then I put them to sell through my boutique in that state. Do I need waybill? If yes, what will be the procedure? Do I need to pay entry tax at WB? What will be the procedure? Am I doing anything unlawful while transferring goods personally? Please give your advice. Regards, Manoj
1 Answers Heritage River Journeys,