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
- 38910 Views
- I also Faced
- E-Mail Answers
Answer Posted / mahesh
Computer (fixed asset) 50000 dr.
to Seller a/c. 50000 Cr.
acually purchasing of calculator comes under printing &
stationary so expense can't be booked.No need to take entry
for calculator as it is free & having no big value.
| Is This Answer Correct ? | 3 Yes | 3 No |
Post New Answer View All Answers
what do you mean byrecoupment of shortworkings in royalty accounts
How to pass journal entry for payment of 20 % of outstanding income tax demand of AY 14- 15 of an company in the AY 18-19.
what is journal entries for Vehicle loan settled with bank after Sale of the vehicle on profit or loss in case the party paid check direct to Bank .......???
Define social responsibility accounting
Tell me what is ledger?
if a sole proprietor pays his firms insurance policy , How it should treated in books of accounts? whether it should be treated as investment? or indirect expenses?or drawings?
Definition of push down accounting
how will rectify the error in trial balance.
what is the entry to be made for vat when any purchase is made in that bill vat amount is included ?
In accounting equation what is the treatment of investment in shares??
how to prepare for accontant examinations
WHY CST CHARGED BILLS ARE RETAIL INVOICES.IT CANT BE TAX INVOICE.
How will service tax & excise be charged?
What is trial balance? What does an accurate trial balance suggest?
What are the nine accounting cycles?
