Interested to Buy Any Domain ? << Click Here >> for more details...
purchased a laptop for Rs.50000 and received one calculator
costing Rs.1000 for free. Both laptop and calculator
(stationery in nature) are meant for office use.What will
be the journal entry in the books of both the parties?
- 21 Answers
- 38907 Views
- I also Faced
- E-Mail Answers
Answer Posted / ankur nigam
For Purchaser
Purchases a/c 50000
To Cash a/c 50000
For Seller
Cash a/c
To Sales a/c
There will be no entry for the calculator since its free.
| Is This Answer Correct ? | 15 Yes | 15 No |
Post New Answer View All Answers
Where do we create House banks and what is the process in sap fico
HOW CAN WE CONVERT IN CFT TO A ROUND LOG??
What is a ledger in regards to accounting?
what stock transfer applicable in sister concern unit.
What is mutual fund sub accounting?
what are the basic elements to prepare a quarterly information system and how to calculate that items?
What is the disadvantage of double entry system?
payment voucher for advance salary
1.recivable and payble 2.pf,tds,esi
what is tax deducted at source
explain the relevance of closing stock account in trading a/c when preparing the gross profit?
Explain what is ledger?
Dear sir , 1-what is diffrence local tax & vat 2 -what is sales tax. tds. service tax challan & return due date(monthly & quartly, annually) 3- what is deprecation rate in company act 4-what is income tax latest limit-
Mention what does the investment of personal assets by the owner will do?
Recent trends in Corporate Governence?
