A withdrawal of cash from the business by the proprietor should be Credited to:

Related MCQs

• A withdrawal of cash from business by the proprietor should be credited to
• Goods taken from business for personal use by the proprietor should be credited to
• From the following details ascertain the adjusted bank balance as per Cash Book – overdraft as per Cash Book 1,60,000; cheque received entered twice in the Cash Book 10,000; credit side of bank column cash short by 1,000; bank charges amounting to 400 entered twice:
• Any donation received for a specific purpose should be credited to
• In a overdraft balance as per cash book, a cheque of 1,250 deposited into bank but not recorded in cash book will be
• M/s. A.B. Enterprises has bank balance 8,800 as per cash book and the followings were found: (a) Three cheques deposited in bank for 5,800 but only one cheque for 2,000 was cleared. (b) Dividend collected by Bank 1,250 was wrongly entered in cash book as 1,520. What is balance as per pass book?
• Any income arising from special fund will be credited to
• There are 100 members each p aying an annual subscription of 500. The Receipt and Payment account shows arrear subscription of 4,500, advance subscriptions 6,000 and current 44,500. How much amount to be credited in the Income and Expenditure account?
• At the time of dishonor of an endorsed bill, which account would be credited by the drawee?
• If unsold goods costing 20,000 is taken over by venturer at 15,000, the joint venture account will be credited by