Purchased stationery for personal use re.3000 and for office use rs. 5000
Answers
Answered by
41
Hyy dear here is it's journal entry
Drawings A/c. Dr. 3000
Stationery A/c. Dr. 5000
To Cash A/c. 8000
(Being stationery purchase for personal and office use).
Hope it will help you...
Drawings A/c. Dr. 3000
Stationery A/c. Dr. 5000
To Cash A/c. 8000
(Being stationery purchase for personal and office use).
Hope it will help you...
Answered by
3
Drawings A/c. Dr. 3000
Stationery A/c. Dr. 5000
To Cash A/c. 8000
(Being stationery purchase for personal and office use).
Explanation:
Here in this given question the firm has purchased stationery for personal use what rupees 3000 and for office use was rupees 5000 in this entry the partner or the owner of the firm is using those particular Stationery items for his or her on use making it a drawing.
Drawings is the shared money of the partner and the owner of the firm therefore we debit the drawing account debit the stationery account and credit the cash account as cash is reducing.
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