Accountancy, asked by palakpatel11106, 10 months ago

goods withdrawn for personal use cost 500and sales price 700​

Answers

Answered by tripathyspandan23
1

Explanation:

Drawing A/ c. Dr. 500*

To Purchase A/c 700*

( being goods withdrawn for personal use )

(*) = according to accounting view selling price is not included in transaction only cost price because nobody know the selling its going high or low is being by salesman and customer.

Hope its help u

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