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 !
Answers were Sorted based on User's Feedback
Answer / balajee rao
Purchase A/C ...........Dr-8000
Furniture A/c ..........Dr-2000
To Cash A/C.............Cr- 10000
| Is This Answer Correct ? | 14 Yes | 3 No |
Answer / rajni
Purchase A/c ......Dr 8000
FUrniture A/c ......Dr 2000
TO Cash A/c..... 10000
Out of 10 Furniture 8 furniture are like our purchase
goods & 2 Furniture like our Assets
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / balajee rao
Purchase A/C ...............Dr
Furniture A/C...............Dr
To Cash A/C
| Is This Answer Correct ? | 8 Yes | 3 No |
Answer / sreedhar
Puchases Account Dr 8000
Furniture Account Dr 2000
To Cash or Bank account 10000
(Being goods purchased)
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / t.n rao
furniture a/c 8000
drawings a/c 2000
to cash a/c 10000
| Is This Answer Correct ? | 0 Yes | 2 No |
Answer / gurram ranjith
furniure a/c 10000 dr
To sales a/c 8000
To purchase a/c 2000
note: purchase a/c is all time debit but useing stock on
persnal that comes to the cridit
| Is This Answer Correct ? | 0 Yes | 3 No |
Answer / s.saranya sriram
FURNITURE A/C DR 10000
TO CASH A/C 10000
| Is This Answer Correct ? | 1 Yes | 5 No |
IN PROFIT AND LOSS ACCOUNT WE MAY EITHER GET PROFIT OR LOSS.SO WHY IT IS PROFIT AND LOSS ACCOUNT INSTEAD OF PROFIT OR LOSS ACCOUNT ?
What is meant by Salaries Outstanding Accounts?
Why closing stock appears both in trading and Balance sheet? Why does it doesnot appear in trail balance.
What is the working formula for Debt Equity ratio
For what purpose ERS is used for?
WHO ARE THE PROMOTERS?
Expand A O A
EXPAND______________RAC
fill in the Blanks a part or full HRA will be exempted if _________made for his residence
Expand RMP
Calculate the total Depreciation for four or five Years so practice some problems on depreciation?
what is fbt % on travelling exp