If I purchased a machinary of Rs. 50,000 and Received a
free printer of Rs. 3000 . What its Accounting entry?
Answer Posted / a.palani raja
Machnery A/c Dr 50,000/-
Printer A/c Dr 3,000/-
To. Discount Received A/c Cr 3000/-
To. Cash A/c Cr 50,000/-
Being Purchase of New Machnery and Received the free
Printer
Is This Answer Correct ? | 33 Yes | 4 No |
Post New Answer View All Answers
Can someone tell me about SAP FI/CO test questions?WHat are the main things we must know?
3.In TALLY,we used to call tally erp 9.like that,in sap we used to call SAP ECC 6.0.here what is ECC?,i know the abbreviation of ECC.i want to know the role of ECC?
What do you mean by Green-shoe option?
drawings by making a DD from bank ( suppose payable towards UIT ) and on cancellation on such DD what journal entry needs to be passed ?
how enter service bill in the tally and what is the process of service bill. aganst service charge @ 10.3%, sercharge 2% cess 1%
Paid vehicle insurance of Rs 12000 on 1-1-2009. Pass entry at the of payment and also create prepaid insurance account
how to do the recurring entries or steps to follow that
How good are you at Finance?
respected sir,i am doing II b.com(CA) in a reputed college..i want to know about the ideas and ways to shine in future.i am doing ICWAI also sir.i want to know what shall i study more in this field to shine...
Please send the clerical exam questions and answers to my mail Id pinky18.02.1985@gmail.com
What is the working formula for Working Capital Turnover
EXPAND___________NBW
what are the steps used in UAT in Oracle Apps?
Short Answer on _________Financial accounting
Please tell me about service tax, tds, vat & ITR return with A to Z completely detail.