banner_ad

Goods withdraw for office use

A/c entries 2135 views 32 replies
User Avatar

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What is the Journal entry for goods withdrawn for office use if it is used for personal use then it is drawings but for office use what is the entry?

Reply Share Follow
On 01 August 2023 at 22:54 Report
Replies (32)
User Avatar

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
User Avatar

"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
User Avatar

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If it is withdrawn for personal use then it will be Drawings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
User Avatar

"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
User Avatar

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
User Avatar

"Do the Right Thing...!!!"
128152 Points Posted on 02 August 2023
No, Not satisfied.
464 Reply
On 02 August 2023 at 08:02
User Avatar

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
User Avatar

"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
User Avatar

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But he is asking for the journal entry for goods withdrawn that's the journal entry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
User Avatar

"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
User Avatar

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
User Avatar

"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
User Avatar

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
User Avatar

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


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details