what will be the journal entry for this transaction?
purchased furniture for personal use of rupees 2000.
now tell me is it business transaction or a personal
transaction??
Answer Posted / anand k shah
it is an personal transaction
| Is This Answer Correct ? | 18 Yes | 6 No |
Post New Answer View All Answers
what is accounting in automobile
What is the difference between horizontal balence sheet & vertical balence sheet explain in detail.
with out college degree con't we dc accounting job?
What is a bad credit score?
institutional investors?
With a 600 credit score, how to improve my credit rating score?
In order to comply with the matching principle, adjustment entries are made at the preparation of ----------
Short Answer on __________Revenue
WHAT IS B.E.P. CHART
Q5 Prepare a Balance sheet from the following particulars: Gross profit =Rs.80,000 Gross profit to cost of goods sold =1/3 Stock velocity =6 times Opening stock =Rs.36,000 Accounts receivable velocity =72 days (year=360 days) Current assets=Rs.1,50,000 Account payable velocity=90 days Bills receivable =Rs.20,000 Bills payable=Rs.5,000 Fixed assets turnover ratio (on cost of goods sod)=8 times
Short answer on _______Amendment
Explain significance of Nastro and Vastro in accounts?
Expand-------ANCS
What is Merger?
What is the difference between Risk, Threat & Hazard?