Question

What will be the journal entry for first personal computer against cheque from computer remote noida 15000?

Answer 1

Anything that owner of the business personally paid or use called drawings... So in that case journal entry will be..

JOURNAL ENTRY - -

Drawings a/c 15,000


.. To . Bank a/c .. 15,000

( being personal computer purchase by owner by cheque )


NOTE--Drawings always be debited never credited in financial accounting...