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can anyone give the journal entry with the amount
10 tv bought in the business for 1000 each, out of which
one is installed.
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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 |
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 |
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 |
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 |
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 |
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 |
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 |
Answer / uma
purchases a/c Dr 9000
tv a/c Dr 1000
to cash 10000
| Is This Answer Correct ? | 13 Yes | 12 No |
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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