If I purchased a machinary of Rs. 50,000 and Received a
free printer of Rs. 3000 . What its Accounting entry?
- 15 Answers
- 25848 Views
- I also Faced
- E-Mail Answers
Answer Posted / ashish garg
if printer is the part of machinery then entry would be
Machinery A/c dr 50000.00
To cash a/c 50000.00
because we are paying only 50000.00 for machinery
(Being machinery purchased)
| Is This Answer Correct ? | 2 Yes | 3 No |
Post New Answer View All Answers
I want to know with example of vat & Salestax
what you mean by cross dunning
Short Answer on _________Financial accounting
Short answer on____________Assessment Year
How to raise my credit score if I have 500 credit score?
I have a existing Oracle applicttions and need to bring one of the new business on it. The new business will use GL, AP and FA. We will use existing COA. This business will have 3 sets of books (1- tax book, from April to March; 2- Primary book, from July to June; 3- Reporting book, from July to June); All books will have same currency; HOW DO I TRANSFER DATA FROM PRIMARY BOOK INTO TAX AND REPORTING BOOKS EVERY MONTH OR ON WEEKLY? IS THERE ANY STANDARD ORACLE PROCESS WHICH CAN BE SCHEDULED? THE REPORTING BOOK WILL HAVE DIFFERENT DEPRECIATION METHOD SO HOW DO I NOT TRANSFER DEPRECIATION FROM PRIMARY TO REPORTING BOOK AND DO SEPERATE DEPRECIATION IN REPORTING BOOK FOR THE SAME ASSET THAT IS ALSO IN PRIMARY AND TAX BOOK?. HOW DO I APPROACH ON SETTING THESE NEW SETS OF BOOKS? Thanks, KK
WHAT IS PROSPECTUS?
what is the meaning of (PDD’s, DOD’s, CFR’s,) based on understanding of the business process
i have completed my MBA with finace background. am intrested to learn oracle finace.can you suggest me which are good instittues in hyderabad.at area wise.
how to calculate stt
explain the difference between LIFO and FIFO?
What is the mening of uidnvhe.?
closing stock at the end is comprised of %a purchase price of $60000,10% discount and 15% import duty.The stock can be sold for $70000 after incurring costs of $1950.Included in the purchase price is abnormal wastage of $2000.Transportation costs are $1000 and storage costs are $500,what is the value of the closing stock?
How many types we are received funds in business purpose
what about case study
