Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / sankeerthana
My dear Narasimha Rao take care while passing a journal
entry. The natural positions of Drawings are always Debit
and the capital is alweys Credit If any body wants to
decrese the values the natural positions must be reversed.
So the entry will be Drawings has to be debited and credit
entry will be to Bank or cash.According to you Debit entry
is correct,but unnecessarily capital account was raised. Pl
rectify your self
Sankeerthana
www.therealaccountants.com
| Is This Answer Correct ? | 10 Yes | 2 No |
Post New Answer View All Answers
What is written off?
How i pass the share holders capital entry in Tally? How to set this option in Tally?
What is the working formula for Working Capital Turnover
what is capital market and money market? what is primary market and secondary market?
i have interview in KVB on 12-12-08. so Please send me some questions asked in previous interviews contucted by KVB?
What is the value of inventory as per Financial Accounts (AS2) and as per Cost accounts? Someone told me that as per cost accounts only works costs is considered in CARR while for FA, AS2 is followed with cost or NRV whichever is lowewr? Please explain the difference.
Short Answer on ___________fluctuating capital
Nature of training account with reason
In sales what rule applicable
What are the steps involved in converting the trail balance of a foreign branch? Explain the steps involved in incorporating the foreign branch trail balance in HO books
What elements of your job do you find most difficult
When is the profession tax applicable? Is there a liability on the employer to pay PT? What is the amt of PT in case salary exceed Rs. 10,000/- pm
How Are The Balance Sheet And Income Statement Connected?
What is the procedure to become charted accountant in India now. Please answer this is urgent
How does the accounting treatment of a partner's salary differ from that of an employee's salary in a partnership?
