Adjustment-Goods worth ₹1000 was taken by daya for personal use was not entered in books of account In textbook it's effect is shown in trading a/c credit side. Isn't this drawings? Why is it not dedu

Question

Mohit · Answer

Deduction of drawings from purchases would amount as same effect as recording in credit side of trading ac It will give same effect

Qutaija · Answer

Since the journal entry would be drawings(dr) to purchases(cr) it must be deducted from the purchases in trading a/c

SB · Answer

Tell the page number on which it is in the text book..if it is from the module

Alok · Answer

Bro how i learn law it is very difficult to remeber my maths also left if taking main chapters only

Alok · Answer

Bro deducted from purchase goods taken from trading account on debit side no credit side

Subojeet · Answer

The second effect would be in the balance sheet

Vandan · Answer

Because it's included goods so it is deducted From purchase

Subojeet · Answer

The goods go out of business, hence credit

Adjustment-Goods worth ₹1000 was taken by daya for personal use was not entered in books of account In textbook it's effect is shown in trading a/c credit side. Isn't this drawings? Why is it not dedu

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