What will be entry if company purchase a dog for ware house?
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Answer / basavaraju
live stock account .....Dr.
to cash a/c
(being Dog purchased for cash to watch the warehouse )
| Is This Answer Correct ? | 36 Yes | 4 No |
Answer / sahail bin mohammed
Live Stock A/c Dr
To Cash A/c
{This is the asset purchsed by the owner and also it can
sell by the owner when it is not required. so we can
consider this dog as an asset thats why we are debiting the
live stock.
| Is This Answer Correct ? | 14 Yes | 0 No |
Answer / satyaki_raju@yahoo.com
ramya unnecessarily you are decreasing the value of
purchases
Mr Praveen Sharma I dont know why you are bringing
Miscellaneous expenses into light
Mr Anil Goutam why you are debiting business expenditure as
drawings account
think well before you answer anything
| Is This Answer Correct ? | 1 Yes | 3 No |
Answer / pravin sharma
live stock (assets) a/c Dr
to cash
(purchase dog is a live stock assets )
| Is This Answer Correct ? | 3 Yes | 7 No |
Answer / anil
fixed assets a/c.........................Dr
to cash/bank a/c
(Being an asset bought.)
| Is This Answer Correct ? | 2 Yes | 6 No |
Answer / krishna rao
SECURITY A/C DR
CASH/BANK A/C CR
BECAUSE DOG PURCHASE FOR SECURITY PURPOSE,HENCE SECURITY
A/C WILL BE DEBIT & CASH & BANK A/C WILL CREDIT.
| Is This Answer Correct ? | 2 Yes | 7 No |
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