if i bought 10 car @ Rs1000 each.one car i used for office
use then what will be the entry?
Answers were Sorted based on User's Feedback
Answer / rajni
only one car is buy for official purpose and others for
personal use so it will be drawing and journal entery will
be...
car a/c dr. 1000
drawing a/c dr. 9000
to cash a/c 10000
Is This Answer Correct ? | 35 Yes | 0 No |
Answer / rajendra
here we see that out of the 10 cars purchased only one car
is used in the business.so the remaining 9 cars are used
for personal use nd personal transactions are not entered
in books of accounts of the business.so the entry would be
here iam assuming that the case is taken from business
Drawings a/c..dr 9000
car a/c..dr 1000
to cash a/c 10000
( being cash withdrawn from business for purchase of cars)
Is This Answer Correct ? | 14 Yes | 1 No |
Answer / shabd kumar choudhary
car a/c. dr. 1000
drawings a/c.Dr.9000
cash cr. 10000
Is This Answer Correct ? | 10 Yes | 2 No |
Answer / imtiyaz ali
PURCHASE A/C DR 9000
VEHICLE A/C DR 1000
TO CASH A/C 10000
( BEING GOODS PURCHASED )
Is This Answer Correct ? | 20 Yes | 14 No |
Answer / ksrprasad
first of all you specify cash paid from company account or
individual account and also specify bill taken on company
name or individual name then only we can give the answer
otherwise whoever can't give answer.
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / sesha sayana reddi
car a/c dr 1000
drawings a/c dr 9000
to cash a/c 10000
(being one car is used for office use
and remaing for personel use)
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / venu milkoori
Drawings a/c Dr 9000/-
Car a/c Dr 1000/-
To Cash A/c 10000/-
(Being only one car is used for office purpose, rest of all
assemed as for his own purpose, so it will treated as
Drawings)
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / mk reddy
car a/c-dr.......1000
drawings a/c -dr.9000
to cash a/c..........10000
Is This Answer Correct ? | 0 Yes | 0 No |
if any one accounts and finance books please inform me through email rbharath1978@gmail.com please
THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN OF BALANCE SHEET
59 Answers Capital IQ, College School Exams Tests, Renault, State Bank Of India SBI, WS,
What is discounting accounting and why depriciation of assets are mention in dicounting accounting?
What is the difference between a Proprietor firm, a Partnership firm & a limited company
What is C form? In C form 'C' means what
Explain Cash Basis of accounting
Is it correct to covered fesibility report expenses and survey expenses in pre-operative exepenses ?
Suppose One asset purchased in 2006year and calculated SLN method depreciation @10%pa for value 100000. Now middle of the present year the assets was transfered to B company. How can we take the accounting for previous depreciation, asset value (transfer value) to debit B company. What is the asset status in BS.
your purchases 10 Furniture from Other company, your starting own furniture business. each furniture value is Rs.1000/-, your business purpose use 2 furniture. and other furniture are sales purpose ! pls tel me Purchases Entry !
how many category of valuation of shares?
what is the difference between pay order & D.D.?
12 Answers DCB Bank, ICICI, Krishi Bank,
outstanding expenses, prepaid or unexpired expenses