Interested to Buy Any Domain ? << Click Here >> for more details...
you purchase a machinary on a loan what is the joury entry
for that and where will you show the the loan amount in
balance sheet and show the ledger account?
- 2 Answers
- 8637 Views
- OPI Global, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
First Part Answer........
Machinery A/c Dr. 10000.00
To Loan A/c 10000.00
Second Part Answer...........
If Loan Received from Bank than its show in secured Loan
Account under the liability Head.
If Loan Received from any friend or Family member than its
show in Unsecured Loan under the Liability Head......
Correct me if m Wrong......
| Is This Answer Correct ? | 19 Yes | 1 No |
Answer / d. k. gupta
Machinery A/c Dr
To Loan A/c (who is issue Loan e.g. Bank Loan A/c
or,Ind,Partyname)
for ledger creation of Loan A.c under the group of Loans
Liability or secured loan or unsecured loan who is ur a/c
group select from them.
if u purchase machine on loan and payment as instalment
then u passed entry every month and any agreement of payment
you passed entry in books
Loans A/c Dr (Machinery Loan A/c)
To Bank or Cash A/c
(chq no-xxxx Being the cheque issue to Bank towards payment
of Machinery loan)
| Is This Answer Correct ? | 4 Yes | 0 No |
can we get all interview questions with answers in tally 9 which mostly asked in MNC's.
why is TDS treated as an asset while preparing Balance sheet.
Can I check my Vantage credit score range online?
can we assign one more currency to the client
WHAT ENTRY SHOULD WE PASSED IN BOOK A PERSON HAVING SALARY BASIC 10000.00 HRA 4000 PF 1500.00
what is delapidation
expand E P F
what experience you are having in payroll?
what is the journal entries of a debit/credit notes in the books of seller and purchaser's A/C.
Short Answer on __________Event
What type of Questions are asked for Interview in Infosys - Financial Process. Any one who is into Research Analyst or Process Executive role, kindly contribute the Questions faced by you?
what is accounting? pls tell me in exact definition
Audit 
