0
What is journal entries when owner withdraw asset on sales price?
Wiki User
∙ 12y ago
general journal
Wiki User
∙ 12y ago
Wiki User
∙ 9y agodebit drawings
credit asset
Add your answer:
Earn +20 pts
What is the journal entry when the owner withdraw his asset?
Drawings A/c (debit) TO Asset A/c (credit)
How do you record journal entries of owner cash used for fuel?
Debit fuelCredit owner capital
What is the journal entry when business is started without cash?
When business is started without cash then may be owner invested some kind of asset in business journal entry is as follows: [Debit] asset in kind [Credit] Owner's Equity
What are the accounting journal entries for owner withdrawing supplies?
debit drawings accountcredit supplies inventory
What is the journal entry when the owner withdraw equipment for personal use?
debit drawingscredit office equipment
Is service rendered considered an asset or owner's equity?
an asset
Is owner's capital a current asset or other asset?
None!- Its liability.
What happens when you buy assets in stick rpg 2?
go to the bank and withdraw the amount of money that you need to buy what you want. once you have withdrew the money you can then buy the asset you want if you have enough
What is cosignee?
Partial owner of an asset
Why is a share of Oil and Gas Development Corporation an asset for its owner and a liability for OGDC?
Why is a share of OGDC is an asset for its owner and a liability for OGDC?
Is owner capital an asset?
no owners capital is not an asset its an internal liability for the company
Is owner's capital asset?
no owners capital is not an asset its an internal liability for the company
