buddhpal


{ City } alwar
< Country > india
* Profession * teacher
User No # 52230
Total Questions Posted # 0
Total Answers Posted # 5

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Answers / { buddhpal }

Question { 23975 }

Hi Everybody,

Can anybody tell me the journal entry for below question,

Charged interest on Capital Rs.1,500.00

Thanks,


Answer

answer is this

interest on capital a/c dr.= 1500
To capital a/c cr.= 1500

Is This Answer Correct ?    3 Yes 1 No

Question { 10997 }

stock taken as drawing what should be the accounting entry


Answer

By drawing a/c Dr.
To purchase a/c Cr.

(stock detial maintain in the narretion)

Is This Answer Correct ?    3 Yes 1 No


Question { 8213 }

what is accounts?


Answer

Accounts is an art of recording, classifying and
transaction and reporting of transaction with the other
party

Is This Answer Correct ?    0 Yes 0 No

Question { 6208 }

who is debtor and creditor?


Answer

Debtors is purchaser and creditor is saller.

Is This Answer Correct ?    2 Yes 4 No

Question { 5064 }

what is bills payable and bills receivable?


Answer

Bills is also payable and receivable. because bills when
we purchase any thing, and receive also when we sell some
goos to other party. so both are right.

Is This Answer Correct ?    0 Yes 4 No