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Categories  >>  Accounting  >>  Accounting AllOther
 
 


 

 
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Question
can anyone give the journal entry with the amount

10 tv bought in the business for 1000 each, out of which 
one is installed.
 Question Submitted By :: Khanirfan_07
I also faced this Question!!     Rank Answer Posted By  
 
  Re: can anyone give the journal entry with the amount 10 tv bought in the business for 1000 each, out of which one is installed.
Answer
# 1
The Journal Entry is same as normal. It is irrelevant to
know whether the TV is installed or not. Once the computer
is purchased you can do the entry for all 10 TV. 

Dr. TV A/c (F.A A/c)
Cr. Cash or Vendor
 
Is This Answer Correct ?    24 Yes 1 No
Sanmilan
 
  Re: can anyone give the journal entry with the amount 10 tv bought in the business for 1000 each, out of which one is installed.
Answer
# 2
purchases a/c Dr.
  
  To cash a/c
 
Is This Answer Correct ?    11 Yes 7 No
Suma.c
 
 
 
  Re: can anyone give the journal entry with the amount 10 tv bought in the business for 1000 each, out of which one is installed.
Answer
# 3
Purches A/c     Dr     10000
To cash A/c      9000    
Add preinstalled 1000         1000
                 .....  
(Being 10tvs purchsed@1000, from which 1 was yet)
 
Is This Answer Correct ?    1 Yes 6 No
Prem
 
  Re: can anyone give the journal entry with the amount 10 tv bought in the business for 1000 each, out of which one is installed.
Answer
# 4
Purches A/c     Dr     10000
To vendor    9000
Add instaled 1000               10000    
                 .....  
(Being 10tvs purchsed@1000, from which 1 was instaled )
 
Is This Answer Correct ?    1 Yes 9 No
Kishore Vamsee.b
 
  Re: can anyone give the journal entry with the amount 10 tv bought in the business for 1000 each, out of which one is installed.
Answer
# 5
According to Irfan ot of the 10TVs purchased for business 
one is installed in the shop for display. If so the entry 
will be 
Purchase of Tvs      Dr    9000
TV                   Dr    1000
To Cash/Bank                      10000
Here it means one Tvs was taken under assets account and 
others were taken as purchases
 
Is This Answer Correct ?    4 Yes 3 No
Krushna
 
  Re: can anyone give the journal entry with the amount 10 tv bought in the business for 1000 each, out of which one is installed.
Answer
# 6
TV A/c Dr  10000
to capital a/c  10000
 
Is This Answer Correct ?    0 Yes 7 No
Mithun
 
  Re: can anyone give the journal entry with the amount 10 tv bought in the business for 1000 each, out of which one is installed.
Answer
# 7
Dear Mithun what made u to  bring capital into account. It 
is a purchase made for trading. out of which one is taken 
for Display in the shop. So it is to be taken as asset. 
dont be hasty in making transactions. Think twice or thrice 
before you answer.www.therealaccountants.com
 
Is This Answer Correct ?    2 Yes 3 No
Krushna
 
  Re: can anyone give the journal entry with the amount 10 tv bought in the business for 1000 each, out of which one is installed.
Answer
# 8
purchases a/c    Dr     9000
tv a/c           Dr     1000
      to cash                   10000
 
Is This Answer Correct ?    4 Yes 2 No
Uma
 
  Re: can anyone give the journal entry with the amount 10 tv bought in the business for 1000 each, out of which one is installed.
Answer
# 9
TV A/c.......dr.      1000
Purchase A/c......dr. 9000
    To capital              10000
 
Is This Answer Correct ?    3 Yes 4 No
Amol
 
  Re: can anyone give the journal entry with the amount 10 tv bought in the business for 1000 each, out of which one is installed.
Answer
# 10
Dear Mr.Khanirfan,

it is clearely mentioned for business use means

Computer has been used for office/business use only.
it means no Drawings.

The entry will be same as above

Purchase A/c Dr 10,000.00

Cash/Bank/Party Name Cr    10,000.00

( Being 10 CTv purchased @1,000.00 for which 1 is installed)


Regards,

Khan
 
Is This Answer Correct ?    2 Yes 2 No
Khan
 
  Re: can anyone give the journal entry with the amount 10 tv bought in the business for 1000 each, out of which one is installed.
Answer
# 11
it is clearly mentione that one is installed so it becomes
as capital expenditure its non-recurring in nature so the
treatment will be as follows
T.v a/c.........dr
    To cash/bank a/c
As the other 9 are using for business,we should consider
them as purchases 
purchases a/c..........dr
   To cash/bank a/c
 
Is This Answer Correct ?    3 Yes 2 No
Swetha Reddy
 
  Re: can anyone give the journal entry with the amount 10 tv bought in the business for 1000 each, out of which one is installed.
Answer
# 12
Dear Mr.Satyaki Raju 

Sir, can you please tell us what will be the journal entry 
for above doubts, i wait for your response 

Thanks & regards,

Khan
 
Is This Answer Correct ?    0 Yes 0 No
Khan
 

 
 
 
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