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?
Answer Posted / asif
purchase a/c. 50000
to cash 50000
calculator could not
added. becouse that is
free of cost
| Is This Answer Correct ? | 4 Yes | 3 No |
Post New Answer View All Answers
1.recivable and payble 2.pf,tds,esi
Please describe your experience in inventory reporting & valuation including reconciliation of inventory accounts.
Recall a time when you faced a dissatisfied and aggressive customer. How did you handle it?
What is control in accounting?
List out some of the accrued expenses and the accounts in which you would record them?
How much statistics knowledge is necessary or required in accounting?
From the following particulars taken on 31 December, 1995, you are required to prepare a bank reconciliation statement to reconcile the bank balance shown in the Cash Book with that shown in the Pass Book: (i) Balance as per Pass Book on 31 December, 1995, O/D Rs 1,027. (ii) Four cheques drawn on 31 December but not cleared till January are as follows: Rs 12; Rs 1,021; Rs 98; and Rs 113. (iii) Interest on O/D not entered in Cash Book Rs 51. (iv) Three cheques received on 30 December and entered in the bank column of the Cash Book but not lodged in bank for collection till 3 January next: Rs 1,160; Rs 2,100; and Rs 2,080. (v) Cost of cheque book, Pass Book, etc; Rs 1.50 entered twice erroneously in Cash Book in November. (vi) A Bill Receivable for Rs 250 due on 29 December, 1995 was passed to the bank for collection on 28 December, 1990 and was entered in Cash Book forthwith whereas the proceeds were credited in the Pass Book only in January following. (vii) Chamber of Commerce subscription Rs 10 paid by bank on 1 December, 1990 had not been entered in the Cash Book. (viii) Bank charges of Rs 5 had been debited in the pass book twice erroneously. . . . plz be fast
how to caluclate tds from emloyees and others
If a promoter has purchased an asset on behalf of the company before the incorporation of the same then what will be the accounting treatment to record the asset in the books of company
Can you differentiate public and private accounting?
wht is different between defered tax liablities and defered tax assets??????
how to record the full and final settlement of employee (salary payable,other payable,,....) when he leaves the company ? or how to pass the entry for that ?
what is the Differed Tax Liability & How it is calculate ?
sir ,can effect on wbs element after wbs selected in t code : FBCJ for cash receipt?
Tell me different branches of accounting?