Goods taken by the proprietor for domestic purpose of Rs.15000 Journal entries plz help me

Question

asked Jul 9, 2022 123k views

1 Answer

Blackkara · Answer 1 · 2022-07-13T22:47:13+0000

Step-by-step explanation:

Given:

Amount of goods taken by proprietor = Rs. 15,000

Find:

Journal entry

Computation:

Books of (.... ltd)

Journal entry

Particular Debit Credit

Drawing A/c Dr 15,000

To Purchase A/c Cr 15,000

(Being goods taken by proprietor for personal use)