Drawings
This query is : Resolved
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?
06 June 2015
Fixed assets AC dr
To sales ac
To sales ac
06 June 2015
I think It should be either:
Fixed Assets Ac Dr
To Purchases
OR
Drawings Dr
To Purchases
Fixed Assets Ac Dr
To Purchases
OR
Drawings Dr
To Purchases
06 June 2015
The first entry is OK.
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