A computer purchased for the use of Branch & payment would
be made by company. What would be the entry in the books of
Branch ?



A computer purchased for the use of Branch & payment would be made by company. What would be th..

Answer / partha s

On Booking of Computer:-
Asset A/c ....Dr
To Vendor A/c

On Receipt of the Bill :-
Vendor A/c ....Dr.
To Account Payable A/c

On Payment....:-
Account PAyable A/c .... Dr
To BAnk A/c

Is This Answer Correct ?    0 Yes 0 No

Post New Answer

More Accounting General Interview Questions

accounting equation is what?

1 Answers  


You are using the accounts approach to parallel valuation and classic assets accounting. You need to create a new financial statement version to valuation based of IFRS principles. In asset accounting, what posting options can you choose for the new depreciation area? (any 2 answer) Area post in real time Area posts APC directly and depreciation periodically Area posts APC only directly Area posts APC and depreciation periodically

0 Answers   IBM,


what is the balance sheet? And also tell me about the finanacial statement?

4 Answers   HCL,


under which ledger should i make opening work in progess and closing work in progress

0 Answers  


What do you mean by DP(Drawing Power)

14 Answers  






Why do you prepare a P/L Appropriation a/c?

3 Answers  


Can you please explain the difference between differentiate between consignor and consignee?

0 Answers  


what is profit and loss(dr) in cash flow statement?

0 Answers  


export sales contract and domestic sales contract? india's trade in commercial services?

0 Answers  


if company having a loss consecutive last more than 2 years, Depreciation on equipment should be appear in profit and loss a/c or pass the provision entry every unless company not recover profit. Please explain.

0 Answers   Sky Link,


What is meant by minutes book?

2 Answers  


What is deferred tax asset or libility ? please help with the best one answer u have. thanks all

5 Answers   Carlson, DELL, Real Estate,


Categories