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
- 38956 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
What is the purpose of financial statements?
Mobile on Rupees 2000 purchase for office use not for staff....What entry in accounts..?????
What is meant by calendar maintenance?
In which term & condition excise invoice raises & for what excise invoice raise?
What are the rules for debit and credit for different accounts to increase the amount in your business accounts?
Cello pen gross value is 935.89 for 12 nos 14.5% tax
How do you prepare mis reports?
What is the use of form D in sale tax
IF SALES BILL PREPARED BY CHARGING CST 4 WHEN THERE IS CST 4 TO BE CHARGED. BUT NOT 2010-2011 CST IS 2%. NOW WE HAVE TO PREPARED CREDIT NOTE AGAINST THAT BILLS WHICH CHARGED CST4 AT THAT TIME. THEN I HAVE TO ASK THAT HOW TO MAKE CREDIT NOTE NOW I.E 2010-2011 BY CHARGING 4% OR 2% ?
Tell me under the accrual basis of accounting, when revenues are reported in the accounting period?
what is t code of gr/ir report?
When we paid TDS on commission how will journal entry come
what is turn over? what is vat? what should ido to become a expert in acount? plese ans me
Calculate the missing figures for company A. A Sales (TSR) (a) Total Variable Costs (TVC) (b) Total Fixed Costs (TFC) $24,000.00 Profit $0.00 Units Sold 1,000.00 Contribution Margin Per Unit (CMU) (c) Contribution Margin Ratio (CMR) (d) Break-Even Point (BEP) (Units) (e) Break-Even Point (BEP) (Dollars) $60,000.00
What are mis reports and how do you prepare it?
