stock the end of the year rs. 20000 . what is the genaral entry.?
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heyaa,,,
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¤ journal entry for stock the end of the year rs. 20000 .
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assets a/c dr 20,000.
to capiral a/c 20,000.
(being stock left at the end of year)
__________________________
¤ Reason for debit and credit;
¤ stock is an assets for business so , alwata be debited.
¤ stock is in business so, it will be in capital account and it will be credited.
__________________________
hope it helps☺☺☺
__________________________
¤ journal entry for stock the end of the year rs. 20000 .
__________________________
assets a/c dr 20,000.
to capiral a/c 20,000.
(being stock left at the end of year)
__________________________
¤ Reason for debit and credit;
¤ stock is an assets for business so , alwata be debited.
¤ stock is in business so, it will be in capital account and it will be credited.
__________________________
hope it helps☺☺☺
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