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Goods withdraw for office use

A/c entries 2134 views 32 replies
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6 Points Posted on 01 August 2023

What is the Journal entry for goods withdrawn for office use if it is used for personal use then it is drawings but for office use what is the entry?

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On 01 August 2023 at 22:54 Report
Replies (32)
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Profession Business
28207 Points Posted on 02 August 2023
This is not a training forum but in order to enhance your knowledge. It's a drawing.
44 Reply
On 02 August 2023 at 06:35
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"Do the Right Thing...!!!"
128152 Points Posted on 02 August 2023
@ nagabhusan,

What goods...???
Office Use means...???

Ask Your query with details...
464 Reply
On 02 August 2023 at 06:50
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Chartered Accountant
24588 Points Posted on 02 August 2023
If it is withdrawn for personal use then it will be Drawings
129 Reply
On 02 August 2023 at 07:32
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"Do the Right Thing...!!!"
128152 Points Posted on 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...
464 Reply
On 02 August 2023 at 07:48
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Chartered Accountant
24588 Points Posted on 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
129 Reply
On 02 August 2023 at 07:53
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"Do the Right Thing...!!!"
128152 Points Posted on 02 August 2023
No, Not satisfied.
464 Reply
On 02 August 2023 at 08:02
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Chartered Accountant
24588 Points Posted on 02 August 2023
For journal entry

Drawings A/c dr
to Purchase or Goods from office A/c
129 Reply
On 02 August 2023 at 08:06
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"Do the Right Thing...!!!"
128152 Points Posted on 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...
464 Reply
On 02 August 2023 at 08:13
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Chartered Accountant
24588 Points Posted on 02 August 2023
But he is asking for the journal entry for goods withdrawn that's the journal entry
129 Reply
On 02 August 2023 at 08:23
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"Do the Right Thing...!!!"
128152 Points Posted on 02 August 2023
Journal entry is also wrong if it's not in personal...

I dont how its define under personal...
464 Reply
On 02 August 2023 at 08:28
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Chartered Accountant
24588 Points Posted on 02 August 2023
Then you should write the correct answer if you know... go ahead
129 Reply
On 02 August 2023 at 08:57
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"Do the Right Thing...!!!"
128152 Points Posted on 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...
464 Reply
On 02 August 2023 at 08:59
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Profession Business
28207 Points Posted on 02 August 2023
But goods withdrawn then can use it other way unless used for personal purposes.
44 Reply
On 02 August 2023 at 16:24
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Finance
4584 Points Posted on 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 

4 Reply
On 08 August 2023 at 06:28


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