if i bought 10 car @ Rs1000 each.one car i used for office use then what will

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if i bought 10 car @ Rs1000 each.one car i used for office
use then what will be the entry?

Question Posted / mohd shakeel

26 Answers
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if i bought 10 car @ Rs1000 each.one car i used for office use then what will be the entry?..

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

if i bought 10 car @ Rs1000 each.one car i used for office use then what will be the entry?..

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( being cash withdrawn from business for purchase of cars)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

if i bought 10 car @ Rs1000 each.one car i used for office use then what will be the entry?..

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

if i bought 10 car @ Rs1000 each.one car i used for office use then what will be the entry?..

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

if i bought 10 car @ Rs1000 each.one car i used for office use then what will be the entry?..

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

if i bought 10 car @ Rs1000 each.one car i used for office use then what will be the entry?..

Answer / ravi

Purchase a/c dr 1000
To cash a/c 1000

Is This Answer Correct ?

17 Yes

17 No

if i bought 10 car @ Rs1000 each.one car i used for office use then what will be the entry?..

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

if i bought 10 car @ Rs1000 each.one car i used for office use then what will be the entry?..

Answer / sheetal

Purchase a/c Dr.
To Cash A/c

Is This Answer Correct ?

0 Yes

0 No

if i bought 10 car @ Rs1000 each.one car i used for office use then what will be the entry?..

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

if i bought 10 car @ Rs1000 each.one car i used for office use then what will be the entry?..

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