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journal entry for drawings?

Answers were Sorted based on User's Feedback



journal entry for drawings?..

Answer / ravi naidu

drawings a/c dr
to cash a/c
[cash taken by proprietor for personal use]

drawings a/c dr
to purchases a/c
[goods taken by proprietor for personal use]

after this entry drawings are deducted from proprietor's
capital a/c so........

proprietor capital a/c dr
to drawings a/c

Is This Answer Correct ?    6 Yes 0 No

journal entry for drawings?..

Answer / pindi venkata ramana

DRAWINGS A/C ...DR
TO CASH

(FOR CASH)


DRAWINGS A\C....DR
TO PURCHASES

Is This Answer Correct ?    4 Yes 1 No

journal entry for drawings?..

Answer / jumana

drawings a/c dr
to trading a/c...
if goods are taken for personal use
if cash is taken
drawings a/c dr
to cash a/c

Is This Answer Correct ?    1 Yes 0 No

journal entry for drawings?..

Answer / vinod ram kishan

Drawing Dr.
Cash Cr.

Is This Answer Correct ?    1 Yes 0 No

journal entry for drawings?..

Answer / jagadeesh

Drawings A/c Dr.
To Cash/Purchase A/c

Is This Answer Correct ?    1 Yes 0 No

journal entry for drawings?..

Answer / shishank katiyar

i.Drawing A/c Dr
To cash a/c
(being made payment agst personal use)

Is This Answer Correct ?    1 Yes 0 No

journal entry for drawings?..

Answer / jitendra

drawing a/c dr

To goods
To cash


becouse being bussines bourght goods in bussines not purchese entry

Is This Answer Correct ?    1 Yes 0 No

journal entry for drawings?..

Answer / govind

(if drawings made for personal use by owner)
Drawing a/c-Dr
to cash a/c-cr

(if goods taken)
Drawing a/c-Dr
to purchases a/c -Cr

(if drawings made from bank for office use)
cash a/c-Dr
to bank a/c-cr

Is This Answer Correct ?    1 Yes 0 No

journal entry for drawings?..

Answer / hamshaj

Drawings A/c Dr.

To Cash

Is This Answer Correct ?    1 Yes 1 No

journal entry for drawings?..

Answer / chaitanya vrama

drawings a/c dr
to cash a/c (if cash is taken by the owner)
or
to purchase a/c (if goods are taken by owner)

Is This Answer Correct ?    0 Yes 0 No

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