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,

Answer Posted / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Tell us how can you define departmental accounting?

597


8. What is the difference between: a. Direct Costing Method and Absorption Method. b. Fixed Cost and Variable Cost.

1397


Can you name any other accounting application?

730


can we change date in tally.erp s/w in educational mode ?

1155


we given watches to Employees how to treat accountability what is the debit and credit, or any provision to be ?

1524






Is it mandatory for the employees staff of a School, if so give details

1576


pass journal entry for Prepaid insurance

1190


Why do users of accounting information need accounting information?

602


What is normative accounting?

595


what is the entry for toll gate fee

7477


what are the different types of expenditures considered for the purpose of accounting?

638


A motor car purchased on 1 apr 10 worth rs 10000 taking a loan from bank of rs 8000. Emi will b 500 pm inclusive of interest rs 100 pm.all repayments are done by bank overdraft. Prepase bshEet & P&L as at 31 mar 10

1627


"Trial Balance is not a comclusive proof of the accuracy of the books of accounts." Explain this statement and describe the errors which are not disclosed inspite of the agreement of trial balance.

2138


Can you tell me entry tax will be applicable on Spectacles purchase from u s a  

1444


Hai i have completed MBA in HR(major) And Marketing (minor). Now applying FInance if it possible please tell me

1258