Interested to Buy Any Domain ? << Click Here >> for more details...
I took printer from stock, previously I purchased this printer
for £60 plus Vat.
What entries do I need to put through the books?
- 3 Answers
- 5056 Views
- I also Faced
- E-Mail Answers
Answer Posted / r@vi harjai
if the stock of business used for personal purpose
then the following entrty has been made>>>>
Drawing A\c Dr
To Purchase A\c
(Being goods used for the personal purpose)
otherwise if the stock (printer) used for the business
purpose then alternative entry should be made>>>
Printer (Assets) A\c Dr
To Purchase A\c
(Being goods converted into Assets)
| Is This Answer Correct ? | 3 Yes | 2 No |
Post New Answer View All Answers
What is book profit? How it was calculated
What is the basic accounting equation?
HOW CAN I OPEN A CC A/C ? WHAT ARE THE MINIMUM REQUERMENT TO OPEN A CC A/C ? WHAT ARE THE FACILITY OF A CC A/C IN THE BUSINESS FIELD ? WHAT ARE THE BANK CHARGES AND INTEREST IN CC A/C ?
what is the difference b/w carpet area,covered area and build- up area and how it is calculated.......
what is the enty for contract bill raised?
In tally when accounts with inventory ,when working in units of measurement under this after creating unit ,if we want to change the unit due to some mistake why does the cursor does not stop in the decimal field? And why the used units do not get deleted in the alter section?
what is debit balance report in SAP?. how do you describe DB report in brief.
Role-specific management accountant job interview questions:
what will be the possible question for an interview in account post as a fresher
WHAT IS THE DIFFERENCE BETWEEN ESTIMATED BALANCE SHEET & PROJECTED BALANCE SHHET
what is windows dressing final accounts?,sales a/c belongs to which a/c type?
Entry for revenue item will be Expenses A/C Dr to Cash. But in the Profit and Loss account we will see the expenses with a pre fix of To Expenses Why?
What will be a entry for TDS deducted on Salaries, Directors Remuneration and Rent.
hai everone,can anyone send me the accounting ,finance,general interview questions for mba freshers plz.....urjent
A COMPANY IS SERVICE PROVIDE TO B CO. 100,000 AND CHARGED STAX 10000 TOTAL BILL RAISED 110000 AND RECIEVED 30% FROM B IN DECEMBER AND 40% RECIEVED IN 10JAN2011, BALANCE 40% RECD IN 10 FEB2011 WHAT WILL BE GENERATED ACCORDING ACCOUNTING PRENCIPLE OF BOTH SIDE (MEAN A &B) WITH REVANUE& PROVISION PLEASE TELL ME
