Whether purchase of a fixed asset comes in receipt & payment account or no

Whether purchase of a fixed asset comes in receipt & payment
account or not?

Question Posted / ravi

3 Answers
5749 Views
I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

Whether purchase of a fixed asset comes in receipt & payment account or not?..

If we have purchase made of Fixed asset we have record in
Journal voucher ,that,

Fixed assets a/c Dr 500
Supplier /ac Cr 500

After we have made payment to them,That,

Supplier a/c Dr 500
Cash /Bank Cr 500

Is This Answer Correct ?

4 Yes

0 No

Whether purchase of a fixed asset comes in receipt & payment account or not?..

Answer / ravi

suppose we buy a computer fro rs.30000/0-, then whether that
amount will be shown in receipt & payment account or income &
expenditure account or not?

Is This Answer Correct ?

1 Yes

1 No

Whether purchase of a fixed asset comes in receipt & payment account or not?..

Answer / sunil kumar

Payment account

Is This Answer Correct ?

0 Yes

0 No

Post New Answer

More Accounting General Interview Questions

Ram supplied to kumar machinery worth rs 2000 in exchange for furniture worth rs 1000, goods for rs800 and cash rs 200. show how this would appears in Ram account ?

1 Answers

What are the effects when intangibles and tangible assests decrease

0 Answers

CHEQUE ISSUED TO ABC 20000 & DISSOUNT RECEIVE 2000 THE CHEQUE DISSONORED WHAT ENTERY THIS TRANSACTION

16 Answers IBM, OPI Global,

Any body would tell me how to takeover withholding tax at the time of go live in sap fico

0 Answers FIS,

what is the purpose of preparing Bank reconciliation ?

3 Answers ABC, CAFS,

How to cancel an invoice and what is the accounting entries

0 Answers Accenture,

ledger entry for outstanding salaries