Answer Posted / niraj sharma
if it's in cash then
drawings a/c Dr.
cash a/c Cr.
if it's in material then
drawings a/c Dr.
purchase a/c Cr.
| Is This Answer Correct ? | 60 Yes | 4 No |
Post New Answer View All Answers
please specify some books name in preparing a bank exam apttirutude questions
EXPAND______________ICC
what is meant by transposition error
Expand-------------BRTS
which kind of expenses or Income will come under direct expenses or Income ?
EXPAND______________ICT
What is Inventory Control?
Short Answer on _________Business
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.
how to entry of hra
How can a shopkeeper maintain the daily data in tally
What is revaluation of assets.when it occurs
WHAT IS LIMITED REVIEW? WHY IT IS REQUIRE?
what is span of shares
what is absorbtion coasting?