Menu
Journal Entry
Goods worth Rs 20, 000/- used by proprietor of the firm the selling price of the goods is Rs 25000/-. How it will be recorded in journal?
Replies (4)
capital account a/c dr.
to purchases account
drawing s a/c dr
to purchase
to purchase
Tell me with amount .... in debit and credit side
Drawings.... Dr 20,000
To Purchase/ Inventory 20,000
Recent Threads
- Check ITR1 on income tax Form ITR1 Instead of 1 ho
- Form 121 requirement
- Interest on reversal of ITC when ITC balance avail
- Is MirrorFly an Instant Messaging Software?
- ITR filling for legal heir
- How Can I qualify CA Final Exam?
- Wrong reporting on 22 april 2026 under article inc
- Articeship Form 107
- TAN for Multiple States
- Delivery Challan serial number Issue and return ru
Related Threads
CAclubindia
