Journal entry
This query is : Resolved
31 August 2014
sold goods for rs.150 to naresh and the amount due was adjusted towards purchases of equal amount for personal use by proprietor.
31 August 2014
Entry,
Capital a/c. Dr.150
To Naresh (debtor) Cr.150
(As purchase by proprietor is for his personal use, his capital account will be debited)
Entry,
Capital a/c. Dr.150
To Naresh (debtor) Cr.150
(As purchase by proprietor is for his personal use, his capital account will be debited)
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