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paid rs 60.000 cash on the purchase of equipment costing
80.000 the remaining amount payable with interest rate of 9%.
what is the journal enry

Question Posted / aleem.f

Answers were Sorted based on User's Feedback



paid rs 60.000 cash on the purchase of equipment costing 80.000 the remaining amount payable with i..

Answer / nagarjuna

EQUIPMENT A/C DR RS.80,000

TO CASH A/C RS.60,000
TO PARTY A/C RS.20,000

(BEING PURCHASE OF EQUIPMENT BY PAYING PART PAYMENT AND
BALANCE IS ON CREDIT)

PARTY A/C DR RS.20,000
INTEREST A/C DR RS. 1,800
TO CASH A/CCR RS. 21,800
(BEING OUT STANDING AMOUNT PAID WITH INTEREST@9% PA)

Is This Answer Correct ?    14 Yes 1 No

paid rs 60.000 cash on the purchase of equipment costing 80.000 the remaining amount payable with i..

Answer / prakash behera

Equipment A/c Dr 80,000

To Bank A/c 60,000
To Supplier A/c 20,000

Is This Answer Correct ?    8 Yes 1 No

paid rs 60.000 cash on the purchase of equipment costing 80.000 the remaining amount payable with i..

Answer / girish prajapat

equipment a/c Dr 80.000
To bank a/c 60.000
To creditor/party a/c 20.000

Is This Answer Correct ?    3 Yes 0 No

paid rs 60.000 cash on the purchase of equipment costing 80.000 the remaining amount payable with i..

Answer / jitender jakhmola

Purchase A/c Dr. 81,800
To cash A/c 60,000
To cash with Int. 21,800

Is This Answer Correct ?    3 Yes 2 No

paid rs 60.000 cash on the purchase of equipment costing 80.000 the remaining amount payable with i..

Answer / manish goel

Equipment A//C Dr. 80000
Interest A/C Dr. 1800
To cash A/C 60000
To cash With 9%Interest A/c 21800

Is This Answer Correct ?    1 Yes 1 No

paid rs 60.000 cash on the purchase of equipment costing 80.000 the remaining amount payable with i..

Answer / sumit bhatia

debit whats comes in
Equipment A/C debit 80000

Debit all the loses and expenses
Interest A/C Debit 1800

Credit Whats Goes Out
Cash 81800

Is This Answer Correct ?    0 Yes 0 No

paid rs 60.000 cash on the purchase of equipment costing 80.000 the remaining amount payable with i..

Answer / qasim ali

equipment A/C Dr 80000
Bank A/C Cr 60000
Payable A/c Cr 20000

Is This Answer Correct ?    1 Yes 2 No

paid rs 60.000 cash on the purchase of equipment costing 80.000 the remaining amount payable with i..

Answer / gnm reddy

EQUIPMENT A/C Dr 80000
INTEREST A/C DR 1800
TO BANK A/C 60000
TO CREDITOR A/C 21800

Is This Answer Correct ?    0 Yes 1 No

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