What is the Journal entry for goods withdrawn for office use if it is used for personal use then it is drawings but for office use what is the entry?
Nagabhushan MS (6 Points)
01 August 2023What is the Journal entry for goods withdrawn for office use if it is used for personal use then it is drawings but for office use what is the entry?
sabyasachi mukherjee
(27310 Points)
Replied 02 August 2023
RAJA P M
("Do the Right Thing...!!!")
(128029 Points)
Replied 02 August 2023
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 02 August 2023
RAJA P M
("Do the Right Thing...!!!")
(128029 Points)
Replied 02 August 2023
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 02 August 2023
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 02 August 2023
RAJA P M
("Do the Right Thing...!!!")
(128029 Points)
Replied 02 August 2023
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 02 August 2023
RAJA P M
("Do the Right Thing...!!!")
(128029 Points)
Replied 02 August 2023
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 02 August 2023
RAJA P M
("Do the Right Thing...!!!")
(128029 Points)
Replied 02 August 2023
sabyasachi mukherjee
(27310 Points)
Replied 02 August 2023
Yasaswi Gomes new
(Finance )
(4503 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
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)