What is the Journal entry for goods withdrawn for office use if it is used for personal use then it is drawings but for office use what is the entry?
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Goods withdraw for office use
Replies (32)
Quick Summary
This is not a training forum but in order to enhance your knowledge. It's a drawing.
@ nagabhusan,
What goods...???
Office Use means...???
Ask Your query with details...
What goods...???
Office Use means...???
Ask Your query with details...
If it is withdrawn for personal use then it will be Drawings
Read again the query Mr CA Sourav Sarkar...
Don't be rush, Relax then give correct reply.
Going good, Keep it Up...
Don't be rush, Relax then give correct reply.
Going good, Keep it Up...
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
No, Not satisfied.
For journal entry
Drawings A/c dr
to Purchase or Goods from office A/c
Drawings A/c dr
to Purchase or Goods from office A/c
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...
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...
But he is asking for the journal entry for goods withdrawn that's the journal entry
Journal entry is also wrong if it's not in personal...
I dont how its define under personal...
I dont how its define under personal...
Then you should write the correct answer if you know... go ahead
Ohh Yes....
But, Simply I'm waiting for reply for this one....
What goods...???
Office Use means...???
Ask Your query with details...
But, Simply I'm waiting for reply for this one....
What goods...???
Office Use means...???
Ask Your query with details...
But goods withdrawn then can use it other way unless used for personal purposes.
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
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