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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (422)
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 Taxation interview questions  Taxation Interview Questions (1893)
 Accounting General interview questions  Accounting General Interview Questions (2781)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4351)
Question
what is the jornal entry for repairs
 Question Submitted By :: Prashanth.kiran9
I also faced this Question!!     Rank Answer Posted By  
 
  Re: what is the jornal entry for repairs
Answer
# 1
(dabit all expenses and losses)

repairs a/c------------dr

to party a/c (cr)

(Being repairs job work done by party)
 
Is This Answer Correct ?    0 Yes 0 No
Maynk
 
  Re: what is the jornal entry for repairs
Answer
# 2
repairs a/c dr

to cash a/c
 
Is This Answer Correct ?    4 Yes 0 No
Chandu
 
 
 
  Re: what is the jornal entry for repairs
Answer
# 3
Repairs A/c Dr.
To Cash A/c
(Being Amount Paid For Repair of ......)


Reason Why: Because Repair is a kind of Revanue Exp. and it
will not Decrease the value if any asset and it will charge
from Profit and Loss A/C.
 
Is This Answer Correct ?    3 Yes 0 No
Anjali
 

 
 
 
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