your purchases 10 Furniture from Other company, your
starting own furniture business. each furniture value is
Rs.1000/-, your business purpose use 2 furniture. and other
furniture are
sales purpose !

pls tel me Purchases Entry !

Answer Posted / rajni

Purchase A/c ......Dr 8000
FUrniture A/c ......Dr 2000
TO Cash A/c..... 10000
Out of 10 Furniture 8 furniture are like our purchase
goods & 2 Furniture like our Assets

Is This Answer Correct ?    6 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is circuit filter?

1503


1.how can carry forward the balance of ledgers to the next financial year in tally erp 9

1394


Is depreciation a expense or income?

1242


Can anyone expain.. why the sensex is in points. And why the ratios is calculated. In what way its uesfull to the organisations

1713


If its is declared by auditor that business is not going concern that what journal entry will be pass?

1477






Accounting related interview questions on ibm

952


which are the basic princeples of accountancy... with examples

1738


What is accounts payable?

1666


whether unsecured loans written off can be transferred directly to capital reserve without crediting it to profit and loss account

1867


what is the use of special general ledger if the normal trasaction in usage.

1628


what is balance sheet, capital budgeting, financial statements, current ratio, profit maximization?

1800


what is article of association? what is memorandum of association?

1867


What is outsider equity and time interest period ratio?

1453


A company acquires new taxi fleets on 1April 2006 with intention to provide services during the World Cup period and thereafter dispose the taxis .The World Cup runs for three months to 30 June 2006.The company's year end is 30 June 2006.how do you account for taxis at initial recognition .

1503


post pscwb question and answer for accounting paper I & II for govt.officers departmental examination.

2201