Interested to Buy Any Domain ? << Click Here >> for more details...
If I purchased a machinary of Rs. 50,000 and Received a
free printer of Rs. 3000 . What its Accounting entry?
- 15 Answers
- 29944 Views
- I also Faced
- E-Mail Answers
Answer Posted / ravindra
if i had purchased a machinery worth of RS 50000
the journal entry for this is machinery is an asset
and forthis rule of real account applies
RULE - "DEBIT WHAT COMES IN CREDIT WHAT GOES OUT
ENTRY - MACHINERY A/C dr 50000
to cash 50000
[being machinery purchased with cash]
conclusion - here for purchasing machinery worth of RS
50000 he received printer worth of RS 3000 as printer is
also asset printer is comming in and nothing is going out]
| Is This Answer Correct ? | 16 Yes | 8 No |
Post New Answer View All Answers
what is general HR?
what is the meaning of call in arear
business sepsarate entity concepts
what is Accounting Standers?
fill in the Blanks Share Holders in Company have _____________Liability
Why not we must to created Provision & Reserve? And if we're not to recognized what the effect will be?
What are the legal entities that constitute your business? Does a legal entity have a seperate Federal Tax Id? In which country does a legal entity operate? In which currency does a legal entity operate? When does each legal entity's fiscal year begin?
How do the standards assist the users of financial report?
What is share,Bond, sharecapital, Budgeting, BRS, CA, CL, WC, WACC, Depreciation, types of Depreciation, B/S, CF items and some transactions and Preference Share capital, Equity Share Capital , Debenture and practicle Questions to solve and tell there itself whether the co's good for investing etc..like opinion for problems to find out how good one is with basics.
what are valuation accounts?
what is the difference between cash flow and funds flow
whether unsecured loans written off can be transferred directly to capital reserve without crediting it to profit and loss account
Since the interest rates on fixed deposits are very low as compared to the other growth oriented investment options, what are the permitted investment options that a public trust like that of a private school or small credit societies have and which are permitted by charity commissioner, Mumbai
Have you worked with other on team endeavors
Expand DEHM
