Answer Posted / satyakiraju

So many wrote Drawings Account Dr to Capital.
Pl mind capital account always shows Credit bal Drawings
decrease the value of capital. So all you are instead of
decreasing Capital balance increasing Capital
DRwaings A/c Dr
To Purachse of TVs is correct
Or if it is exclusively purchased for proprietors personal
use you have to pass the entry as
Drawings A/c Dr
To Cash
( Being TV purchased for proprietor)
I am giving practical exposure in Tally Accounting thru
online classes with original business documents. If
interested pl send your mail id to my telephone for
specially prepared notes to watch my classes
cell:9393999757

What was your most complicated sales cycle in past positions?

1233

---

Give Any three special cases of computation of capital Gain U/s 45(1A) to 45(6)?

2229

---

Explain me the difference between public and private accounting?

1041

---

what is profit and loss(dr) in cash flow statement?

1984

---

What is accounting ethics?

1005

---

if a sole proprietor pays his firms insurance policy , How it should treated in books of accounts? whether it should be treated as investment? or indirect expenses?or drawings?

1486

---

What is the difference between provision and reverse?

1039

---

what are the adjustments and treatment with connection to the profit and loss appropriation accounts and how they do?

1939

---

Pls tell me the basic rules of accounts for interview in finanace or accounts section

2161

---

What are the steps to take before you approve an invoice for payment?

1104

---

Tell me what do we mean by purchase return in accounting?

1078

---

WHAT ARE THE LIMITATIONS FACING ACCOUNT CONCEPTS AND CONVENTIONS?

2302

---

what is t code of journal voucher report with amount?

2177

---

Explain the Invoice verification process

2710

---

What would greater impact a firms valuation, a 10% reduction in revenues or 1% reduction in discount rate?

8250

---