can anyone give the journal entry with the amount

10 tv bought in the business for 1000 each, out of which
one is installed.

Answers were Sorted based on User's Feedback



can anyone give the journal entry with the amount 10 tv bought in the business for 1000 each, out..

Answer / sanmilan

The Journal Entry is same as normal. It is irrelevant to
know whether the TV is installed or not. Once the computer
is purchased you can do the entry for all 10 TV.

Dr. TV A/c (F.A A/c)
Cr. Cash or Vendor

Is This Answer Correct ?    83 Yes 9 No

can anyone give the journal entry with the amount 10 tv bought in the business for 1000 each, out..

Answer / swetha reddy

it is clearly mentione that one is installed so it becomes
as capital expenditure its non-recurring in nature so the
treatment will be as follows
T.v a/c.........dr
To cash/bank a/c
As the other 9 are using for business,we should consider
them as purchases
purchases a/c..........dr
To cash/bank a/c

Is This Answer Correct ?    20 Yes 4 No

can anyone give the journal entry with the amount 10 tv bought in the business for 1000 each, out..

Answer / krushna

According to Irfan ot of the 10TVs purchased for business
one is installed in the shop for display. If so the entry
will be
Purchase of Tvs Dr 9000
TV Dr 1000
To Cash/Bank 10000
Here it means one Tvs was taken under assets account and
others were taken as purchases

Is This Answer Correct ?    21 Yes 9 No

can anyone give the journal entry with the amount 10 tv bought in the business for 1000 each, out..

Answer / khan

Dear Mr.Khanirfan,

it is clearely mentioned for business use means

Computer has been used for office/business use only.
it means no Drawings.

The entry will be same as above

Purchase A/c Dr 10,000.00

Cash/Bank/Party Name Cr 10,000.00

( Being 10 CTv purchased @1,000.00 for which 1 is installed)


Regards,

Khan

Is This Answer Correct ?    15 Yes 5 No

can anyone give the journal entry with the amount 10 tv bought in the business for 1000 each, out..

Answer / pradeep gunuguntla

purchase A/c .. dr 9000
T.V. A/c ... dr 1000

To cash A/c 10000

Is This Answer Correct ?    8 Yes 0 No

can anyone give the journal entry with the amount 10 tv bought in the business for 1000 each, out..

Answer / khan

Dear Mr.Satyaki Raju

Sir, can you please tell us what will be the journal entry
for above doubts, i wait for your response

Thanks & regards,

Khan

Is This Answer Correct ?    3 Yes 0 No

can anyone give the journal entry with the amount 10 tv bought in the business for 1000 each, out..

Answer / prashanthi

PURCHASES A/C DR 9000
TV A/C DR 1000
TO CASH S/C 10,000

Is This Answer Correct ?    2 Yes 0 No

can anyone give the journal entry with the amount 10 tv bought in the business for 1000 each, out..

Answer / suma.c

purchases a/c Dr.

To cash a/c

Is This Answer Correct ?    24 Yes 23 No

can anyone give the journal entry with the amount 10 tv bought in the business for 1000 each, out..

Answer / uma

purchases a/c Dr 9000
tv a/c Dr 1000
to cash 10000

Is This Answer Correct ?    13 Yes 12 No

can anyone give the journal entry with the amount 10 tv bought in the business for 1000 each, out..

Answer / swetha reddy

it is clearly mentione that one is installed so it becomes
as capital expenditure its non-recurring in nature so the
treatment will be as follows
T.v a/c.........dr 1000
To cash/bank a/c 1000
As the other 9 are using for business,we should consider
them as purchases
purchases a/c..........dr 9000
To cash/bank a/c 9000

Is This Answer Correct ?    2 Yes 1 No

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