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
Answers were Sorted based on User's Feedback
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 ? | 13 Yes | 1 No |
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 |
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 ? | 2 Yes | 0 No |
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 |
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 |
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 |
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 |
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 |
What is the difference between Bank transfer and Cheques in SAP.
private placement
What is the meaning of contra entry
what is the meaning of single entery system and double entery system ?
Dear sir, previosly i worked with hospital there i maintain only accounts only in tally, but now iam change my company to manufacturing unit there they using accounts with inventory there when we open tally i finding more options why?
Entry for revenue item will be Expenses A/C Dr to Cash. But in the Profit and Loss account we will see the expenses with a pre fix of To Expenses Why?
In the Manufacturing IF QC reject the material. Then where to record rejected material amount.
How to Calculate Salary..? What is % will be taken for Basic Salary,DA,ALLowance,ESIC,PF,PT...Plse Clarify both side Employer & Employee..
we paid bonus how to treat entry and what is the debit and credit
What is the journal entry for due salary
how to hand ell c.c. limit for comaney but sales is low
Define scrap value in accounting?