what will be the journal entry if Goods (cost rupees 200, sale price rupees 250) taken away by the proprietor for his personal use?
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Hello mate!!
The entry will be:-
Drawings A/C ...dr 200
To purchase A/C 200
(being goods taken by proprietor for persnl use)
Hope it'll help u!!
The entry will be:-
Drawings A/C ...dr 200
To purchase A/C 200
(being goods taken by proprietor for persnl use)
Hope it'll help u!!
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