Purchase
Nishikant (Jalna) (298 Points)
12 March 2018
RAJA P M
("Do the Right Thing...!!!")
(128085 Points)
Replied 12 March 2018
Nishikant
(Jalna)
(298 Points)
Replied 12 March 2018
satish
(teaching)
(2046 Points)
Replied 12 March 2018
Raja sir is right.
it is to be consider as drawings.
entry is Drawings a/c dr
to Purchases
later drawings amount to be adjust with Capital
Capital a/c Dr.
To drawings a/c
Nishikant
(Jalna)
(298 Points)
Replied 12 March 2018
satish
(teaching)
(2046 Points)
Replied 12 March 2018
negative capital a/c balance. i.e. capital account with debit balance.
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)