If I purchased a machinary of Rs. 50,000 and Received a
free printer of Rs. 3000 . What its Accounting entry?

Answer Posted / mukesh goyal

Machinery a/c Dr. 47000.00
Computer a/c Dr. 3000.00

To cash a/c Cr. 50000.00

Is This Answer Correct ?    2 Yes 5 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

i AM CURRENTLY DOING B.COM. i INTEND TO PURSUE MY MASTERS AT USA IN ECONOMICS AND FINANCE OR ACCOUNTING...CAN U TELL ME THE CRITERIA AND WHICH EXAM DO I NEED TO QUALIFY FOR???

1510


Expand---------PDCB

1517


What is the difference between horizontal balence sheet & vertical balence sheet explain in detail.

1682


Distinguish value andPrice

1434


what are the importance accounting entries for AP and AR process in interview..

1161






MMT and MID payment how post in tally

969


What is Acquisition?

2042


How can i prepare MIS report for Finance?

1976


Expand-------ANTS

1527


HI, FREINDS, I WANT TO KHOW IS THE CFP (CETICFIED FINANCIAL PLANNER) IS A GOOD COURSE, IS THEY ANY INSISTUTE IN HYDERABAD,IF ANY ONE DOING THIS COURSE PLEASE REPLY ME.

1872


how to calculate share values of a company.

1674


with out college degree con't we dc accounting job?

1594


What type of question generally asked in Brokerage Firm ?

2393


What is the meaning of Debt reconciliation and how to do debt reconciliation?

1870


what is purchase consideration?

1690