cash taken for household purposes journal
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Answered by
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Journal entry for This transaction :-
Drawings A/c---------Dr. [Amount ]
To Purchase A/c [ Amount ]
(Being , goods taken by the proprietor for household/ personal use )
Explanation :-
Drawings means cash , goods or services drawn by the owner , investor for self consumption....i hope it helps you
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Drawings A/c---------Dr. [Amount ]
To Purchase A/c [ Amount ]
(Being , goods taken by the proprietor for household/ personal use )
Explanation :-
Drawings means cash , goods or services drawn by the owner , investor for self consumption....i hope it helps you
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Answered by
2
Drawing A/c------- Dr.
To Cash A/c
(Being cash withdrawn for personal use)
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