What is the Journal entry for goods withdrawn for office use if it is used for personal use then it is drawings but for office use what is the entry?
32 Replies
sabyasachi mukherjee
(27574 Points)
Replied 02 August 2023
This is not a training forum but in order to enhance your knowledge. It's a drawing.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 02 August 2023
@ nagabhusan,
What goods...???
Office Use means...???
Ask Your query with details...
What goods...???
Office Use means...???
Ask Your query with details...
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 02 August 2023
If it is withdrawn for personal use then it will be Drawings
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 02 August 2023
Read again the query Mr CA Sourav Sarkar...
Don't be rush, Relax then give correct reply.
Going good, Keep it Up...
Don't be rush, Relax then give correct reply.
Going good, Keep it Up...
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 02 August 2023
I have read the query as the question in not clear it is asking for office use that's why I told that if it is for personal use then it should be Drawings
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 02 August 2023
For journal entry
Drawings A/c dr
to Purchase or Goods from office A/c
Drawings A/c dr
to Purchase or Goods from office A/c
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 02 August 2023
Once again its blender reply...
it's not a personal...
Bcoz, querist not wrote personal...
He wrote OFFICE USE. It's also mean to business purpose.
The office may be Proprietorship, Partnership, Company and any other format...
So, Here the office means not personal....
May be the goods converted to FA, or Maintenance or Others...
So and So I/we don't take the office means personal...
it's not a personal...
Bcoz, querist not wrote personal...
He wrote OFFICE USE. It's also mean to business purpose.
The office may be Proprietorship, Partnership, Company and any other format...
So, Here the office means not personal....
May be the goods converted to FA, or Maintenance or Others...
So and So I/we don't take the office means personal...
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 02 August 2023
But he is asking for the journal entry for goods withdrawn that's the journal entry
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 02 August 2023
Journal entry is also wrong if it's not in personal...
I dont how its define under personal...
I dont how its define under personal...
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 02 August 2023
Then you should write the correct answer if you know... go ahead
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 02 August 2023
Ohh Yes....
But, Simply I'm waiting for reply for this one....
What goods...???
Office Use means...???
Ask Your query with details...
But, Simply I'm waiting for reply for this one....
What goods...???
Office Use means...???
Ask Your query with details...
sabyasachi mukherjee
(27574 Points)
Replied 02 August 2023
But goods withdrawn then can use it other way unless used for personal purposes.
Yasaswi Gomes new
(Finance )
(4514 Points)
Replied 08 August 2023
Just like how a contra is made for equity when we withdraw cash, make a contra for inventory.
Dr. Drawings / admin / office expenses
Cr. Inventory
We can't derecignise purchases like in charity transaction
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