Pls. tell me any body , in my company we are paying emi for
systems how the value take for computers & how to book a
j.v for above transactions
Answer Posted / prashant
lets assume you have bought computer systems for Rs. 50,000
from ABC Ltd on 10 EMI of Rs. 5000
entries to be pass are
1)
computer A/c (Fixed Assets) Dr. Rs. 50000
To ABC Ltd Rs. 50000
(being purchase of Computer)
2) while making emi payment entry to be pass
ABC Ltd A/c Dr. Rs. 5000
to Cash/ Bank A/c Rs. 5000
(being 1st out of 10 emi paid for purchase of computer)
Is This Answer Correct ? | 5 Yes | 0 No |
Post New Answer View All Answers
What was your average accounts receivable days outstanding/days sales outstanding?
Explain me what makes a successful account manager?
Spinoff,Spelloff
What is cost accountancy?
What can be done incase of excess payment of TDS Remittence than the actual amount? Is there any adjustment towards the excess amount with the upcoming TDS payment? Reference of last quarter challan should be shown while adjusting in next quarter?
can any body tell me the procedure to learn accountancy with easy tips.i.e., layman accounting policy and rules of debit and credit.
Tell us how can you define departmental accounting?
Why some asset accounts have a credit balance?
Do you know compound journal entry?
how to record the full and final settlement of employee (salary payable,other payable,,....) when he leaves the company ? or how to pass the entry for that ?
What is dd and a in oil and gas accounting?
Please explain what do you do to increase revenues? What are your tactics, techniques, and sales methods?
hi ,i need some suggestion,comptd my graduation in 2012,but i wasted my time for 6 month,just i want 2 escape from this question,what u did for 6 months,how can i give proper anser to them?pls suggest me
What would greater impact a firms valuation, a 10% reduction in revenues or 1% reduction in discount rate?
I have deducted Notice pay Rs. 5000/- in which account to be booked the same enty, what is the head for notice pay in profit and loss a/c.