purchase a/c dr car a/c dr to cash/creditor a/c

if i bought 10 car @ Rs1000 each.one car i used for office
use then what will be the entry?

Question Posted / vandhana

26 Answers
19819 Views
ABC, Genpact, I also Faced
E-Mail Answers

Answer Posted / vandhana

purchase a/c dr
car a/c dr
to cash/creditor a/c

Is This Answer Correct ?

1 Yes

6 No

Post New Answer View All Answers

Please Help Members By Posting Answers For Below Questions

Can anyone expain.. why the sensex is in points. And why the ratios is calculated. In what way its uesfull to the organisations

1713

What is difference between cash flow and funds flow?

1702

hi, what type of questions are asked in capital iq interview .plz let me know. thanks... venkat...

2074

what is Accounting Standers?

1706

what are the payroll procedures?

1769

What is the due date for filing monthly & annual sales tax returns in karanataka

3231

interest paid comes under which head

1043

types of inventory

1773

plz tell me the finance questions asked in hsbc latest question asked in hsbc?

1537

What is the procedure to take loan

1700

i have interview in KVB on 12-12-08. so Please send me some questions asked in previous interviews contucted by KVB?

1705

Expand---------PED

1652

what is the difference between accounts manager and finance manager?

1719

Raj & Raj Ltd purchased a machinery on 01.01.1996 for Rs.88,000.The life of the machine estimated to be 5 Yrs.It was calculated that the old machinery would fetch Rs.8000 at the end of its useful life.it was decided to replace the machinery at the end of the 5th year by setting up depreciation fund and invest the annual depreciation (along with interest earned each year) in gilt edged securities carrying interest at 5% p.a. At the end of the 5th Year the securities were sold for Rs.9000.As per the sinking fund table Rs.14,478 is to be invested every year.A new machine was purchased on 01.01.2001 for Rs.1,00,000.pass the journal entries and show the ledger accounts

1576

6577