What will be entry if company purchase a dog for ware house?

Answer Posted / anil gautam

drwing a/c dr to
cash a/c
(being dog purcchase by company for resid.)
because this is a personal exp thats why this is a drwing

Is This Answer Correct ?    1 Yes 8 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Classify bank account, stock of stationary account, returns inward account ou$tstanding rent account and capital account into real, personal and nominal account.

1727


distinguish between Bill of Exchange and Promissory Note

1769


what is account & what is finance

1753


4. Calculate the following from the particulars given below: i) Material Cost Variance ii) Material Price Variance iii) Material Usage Variance iv) Material Mix Variance v) Material Yield Variance Material Standard Actual Qty kgs. Price Rs Value Rs. Qty kgs. Price Rs Value Rs A 50 4 200 40 5 200 B 30 6 180 30 6 180 C 20 3 60 30 3 90 100 440 100 470 Loss 20 ----- 30 ----- 80 440 70 470

2659


deffered tax treatment in financial statements

1702






WHAT IS CORPORATE ACTION?

1623


What is fixed liabilities

1554


Short Answer on ________Ad-Valorem Duties

1555


what is Functional Specification in SAP FICO?

430


what is mean by account concept,and how to perpare a full accounting concept journal,ledger,trail balance,and balance sheet how it will prepare in upto fainalaztion.

1559


what is cost audit?

1612


I want to know that if i get call from Mumbai Circle in SBI. what does it mean where will be my posting and my job profile, will i get accomodation from bank or not.

1502


after directing tally 9 to calculate interest as per 30 day option basis on a loan account.........,it still calculates interest as per calender month when checked on to display>statements of accounts>interest payable in tally 9 ...where is the error?? how to correct the function.

1858


distinguish between price rate and time rate?

1638


my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.

1518