can anyone give the journal entry with the amount
10 tv bought in the business for 1000 each, out of which
one is installed.
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Answer Posted / sudhansu dash
Hello All,
Really everything confused,
I can understand from this conversation that, on total 10
no's of TV purchased and out of that one installed. So in
this case 9 TV's are for business purposed and one for
display in the store. Then yes the entry is:
TV (Purchased) Dr. 9,000 (You can earn profit)
TV (Business Used) Dr. 1,000 (For business development)
Cr. Cash / Bank / Supplier A/c 10,000
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