Interested to Buy Any Domain ? << Click Here >> for more details...
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,
- 12 Answers
- 15210 Views
- I also Faced
- E-Mail Answers
Answer Posted / vishal
Drawings a/c dr.
cash a/c cr.
In narration we can write about this transaction.
| Is This Answer Correct ? | 0 Yes | 3 No |
Post New Answer View All Answers
What does the standard journal entry includes?
we are a trading company providing devices and some times after sales service. when any defect came we just replace the hardware from another defective device and getting the payment from the customer. how can we account that? is there any tax implications for this?
what is the diffrence between cash flow & cash fund?
Tell me why do you apply for a job of an account executive?
We have purchased some good from our vendor and we asked them to transport the same to some address but they have raised a debit note to us for transportation instead of invoice. Same like we have given some order to manufacture for developing that product they have charged some amount for that also they have raised the debit note. How to account these type of debit notes in tally..?
Dillution effect on EPS
Richman Corporation has 120,000 shares of $5 par value common stock outstanding. It declared a 10% stock dividend on June 1 when the market price per share was $12. The shares were issued on June 30. Instructions: Prepare the necessary entries for the declaration and payment of the stock dividend.
Do you think accounting standards are mandatory and why?
What is the difference between trial balance and general ledger?
What are the advantages & disadvantages of double entry system?
WHAT IS CORE ACCOUNTING, GROUP CONSOLIDATION ? CONSOLIDATED ENTRY. COULD YOU GIVE ME AN EXAMPLE
"A" has two divisions of "B" and "c".In our system we have two vendor accounts of B&C.We have received one Non PO invoice of B and posted wrongly in C and its got paid.While reconciling the account we got this error is happend.We contacted the C and asked for refund.But C said,he transfer internally the amount directly to B and he will not refund the amount.How we will settle this entry in our books. If we reverse the entry...there is one invoice needs to be reverse and payment doc needs to be reverse..how we can settle this in our books...
goods worth rupees 440 distributes free among the poor?
What is the difference of cost accounting and financial accounting?
Explain me is any difference between inactive and dormant accounts?
