Answer / jitu

if you are a sole proprietor and not selling the cars car
is your asset so your first entry should be car account
debit and creditor from whom u purchase car account
credited and cash account credited for initial payment.
after that creditors name is debited every month and your
bank from which you are getting emi is credited.

Answer / sanjay kumar

entry would be

Car account Dr.
cash/bank cr.
car loan a/c cr.

on monthly payments...

Car loan EMI a/c dr
cash/bank cr.

@ end of the one year you can deduct the amount of Emi to
loan


car loan dr,
car loan EMI cr.

Discount payble and reciveble entries what type of vochars entry pleas tell...............

1 Answers  

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what are different inventory and stock.

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sIR, DEAR SIR, WE ARE PREPARING EXPORT INVOICES AT THE TIME OF INVOICE PREPARATION WE MENTIONED EXCISE, EDN CESS AND SH EDN CESS AMOUNT ALSO IS IT CORRECT ARE NOT BUT I THINK WHEN MATERIAL SOLD EXPORT EXCEMPTION FROM EXCISE, EDN CESS AND SH EDN CESS WHICH EVER IS CORRECT. PLEASE CLARIFY MY DOUT. ADVANCE THANKING YOU,

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Role-specific management accountant job interview questions:

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what will be the entry for recivables at 31 st march and if they are paid after 1 month then what is the entry

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Distinguish between Profit and Loss Account and Profit and Loss Appropriation Account.

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Diff between Net profit & Gross profit?

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