Purchased good from Sreenivasan company for personal use Rs.50000
What is journal entry
Answer Posted / mohit.etah
Purchase a/c Dr. 50000
To Sreenivasan 50000
Drawing A/c Dr. 50000
To Purchase A/c 50000
| Is This Answer Correct ? | 5 Yes | 2 No |
Post New Answer View All Answers
what is the difference between profit center area and business are.? please make me clear.
how to pass journal entries for reverse tax on input tax paid
Do you know company's payable cycle?
Do you think accounting standards are mandatory and why?
SOLD GOODS WORTH 5000 TO AKBAR WHO PAID 3000 ON ACCOUNT
pass journal entries of the following transaction in the books of AG sindh, AGPR,FTO and SBP: 1)DDo sindh house submitted a bill for purchase of furniture to AGPR islamabad for Rs.200000 on 20th March 09; 2)AGPR issued cheque on 2nd april which was cleared by SBP on 5th April; 3)On 26th may, voucher were exchanged in the clearing house; 4)On 28th May, AG sindh issued advise to settlement to SBP karachi; 5)On 5th june,SBP HQ karachi sends a copy of clearnce memo along with bank statement to AG sindh and AGPR for settlement made on 31st May.
How calculate holding company account?
What is the abbreviation for the accounting terms debit and credit?
salary payable deduct tds entry
Cello pen gross value is 935.89 for 12 nos 14.5% tax
Can i put opening stock in new company during closing time
What is Debit Note and Credit Note? Subsidory Books? Minority Interest? Stock recording in P&L? Outstanding Expenses, Prepaid Expenses and Examples?
Explain financial accounting. What are its characteristic features?
a cheque is received from a debtor and is deposited in the bank on the same day. what will be the journal entry?
How Advances to suppliers for purchase of raw materials is to be considered while calculating Drawing Power