Follow Our FB Page << CircleMedia.in >> for Daily Laughter. We Post Funny, Viral, Comedy Videos, Memes, Vines...


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



Pls. tell me any body , in my company we are paying emi for systems how the value take for compute..

Answer / 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

More Accounting General Interview Questions

what is apply SI post

0 Answers   Government,


salary entry with briefly including pf,esi,employee advances -journal entry with against payment entry

0 Answers  


lic (life insurance corporation)how much he or she as to deduct income tax on his gross annual salary. please give with examples

0 Answers   CPT,


Assume that the real risk-free rate is 3% and that inflation is expected to be 8% on year 1,5% in year 2,and 4% thereafter.Assume also that all Treasury bonds are highly liquid and free of default risk. If 2-year and 5-year Treasury bonds both yield 10%,calculate the difference in the maturity risk premium on the two bonds.

0 Answers  


what is the priliminary expenses

2 Answers  






how many times we can deposit the old currency in one a/c in the bank

0 Answers  


What is the meaning of contra entry

4 Answers  


what is payment written

0 Answers   Accenture,


what is asset in accounting

4 Answers   Genpect,


Suppose A company is giving salary to its employees on 10th of every month. So on which date the salary payable entry will be passed/due also tell what will be the general entry for salary payable

3 Answers   Enrich, Wells Fargo,


what you know about accounting

1 Answers  


What is a bank account balance?

1 Answers   Accounting, ICICI,






Categories