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Drawings

This query is : Resolved 
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(Querist)
06 June 2015 A person sells AC from his shop. He installs one AC in his shop by taking it out from the stock at his shop.What would be the journal entry for it?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
06 June 2015 Fixed assets AC dr
To sales ac
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Deepanshu

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Deepanshu (Querist)
06 June 2015 I think It should be either:

Fixed Assets Ac Dr
To Purchases
OR
Drawings Dr
To Purchases
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
06 June 2015 The first entry is OK.
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