mr.atul purchased a dress for his son amounting to rs 725/-
from dress point by paying cash from the office.
We entered in this trasaction to which voucher?
- 7 Answers
- 6918 Views
- I also Faced
- E-Mail Answers
Answer Posted / subhash a.
Dear friends here the case is
1. Office cash is been used.
2. Used for personal expense of proprietor or some other person.
The entry must be
Atul A/c Dr. 725
To Cash A/c 725
Because it is not a business purpose.
| Is This Answer Correct ? | 15 Yes | 2 No |
Post New Answer View All Answers
if no production is take place at the start of a process in royalty accounting what will be the accounting procedure for that.
What is journal entry for salary paid less deductions (e.g. fines for breaking a company's property)?
What is capital adequacy ratio? What is demat account?
in what circumstances it is mandatory to calculate the goodwill.
Explain what are the rules for debit and credit for different accounts to increase the amount in your business accounts?
Explain me by saying, perpetual or periodic inventory system; what do we mean?
What are the fictitious assets?
the selling price of a prouduct of vintex limited inclusive of basic excise duty 16% and education cess 2% and SAH cess 1% is rs 3002. find the assessable unit of prouduct?
What is peach tree accounting?
X, PURCHASE HOUSE PROPERTY IN 2005, RS 400000,AND SALE IT IN2010, RS 1800000,IF X HANDICAP, AND IN 2008 MADE SENIOR CITIZON, HOW CALCULATE IT?
When Start Service Tax Deducted? How Many Percent is deduct? Service Tax deposited Date in Current 2011.
Where I can Found Cost Reduction Techniques Implemented by Various cement Companies
Sir i want to ask that if the salary above 6500/- than also pf deduct.
Aptitude Test Questions
what is the Differed Tax Liability & How it is calculate ?
