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
- 38380 Views
- I also Faced
- E-Mail Answers
Answer Posted / s4sridhar@gmail.com
Laptop A/c. Dr 50,000
To Bank / Cash A/c. Cr. 50,000
[Calculator will not treat as asset because it has't resale
value (without laptop there is no calculator)]
| Is This Answer Correct ? | 2 Yes | 7 No |
Post New Answer View All Answers
rate of vat on gold purchase local & o.m.s. & rate of % in sale local & o.m.s.
One car company raised an invoice of 30k to its customer, which includes car's price and one year service price of 1600 (cost). They work on 25% margin. How much amount will go to Income statement and B/S?
Tell us what is your proudest accomplishment?
what is differnce between balance sheet of a bank & a company
WHEN WILL SBI DECLARE THE RESULTS OF INTERVIEWS OF CLERICAL CADRE HELD IN APRIL-MAY 2010?
What are the major components of country's trade account?
if at the end of the year cash book is showing debit balance whether it is meant that cash is not deposited after deducting expenses in bank and it is in hand and we should deposit in next year
During execution of Works Contract,If Contractee(Customer) supply goods to contractor, then it should be shown in Invoice as deduction or no need to show in Invoice.
Explain what is bank reconciliation?
pass journal entry for Prepaid insurance
Sales Invoice 50000/- fully profit , management want profit for this year should be appear in P&L A/c and B/S 25000/- only and remaining 25000/- profit retain for the next year What will be JV for this year and next year?- Thank you
Write about the media role in daily life
What is Provision Entry
entry for cash received from debtors
List the type of transactions entered in journal proper.
