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Hi Everybody,

i would like to know the journal entry for the below
question,
1). One color Tv is taken by proprietor for Personel use.

also in TALLY Accounting package how i can post,if it is
drawings,under which account, please let me know.
Thanks,

Answers were Sorted based on User's Feedback



Hi Everybody, i would like to know the journal entry for the below question, 1). One color Tv ..

Answer / amit chakraborty

1)The entry will be:

Drawings Dr

To Cooler Tv

2) In tally, the group of the a/c drawings will be- Capital

Is This Answer Correct ?    3 Yes 7 No

Hi Everybody, i would like to know the journal entry for the below question, 1). One color Tv ..

Answer / vadeendra

Accounting entries will be only for those transactions which
can be expressed in monetary terms. so there will not be any
entry for this transaction.

Is This Answer Correct ?    0 Yes 5 No

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