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if i bought 10 car @ Rs1000 each.one car i used for office
use then what will be the entry?
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Answer Posted / narra.ram reddy
cars was purchased for office purpose so it is not purchase A/c
so the entry is
fixed asset A/c ..........Dr 10000
To Car A/c 10000
because Fixed asset was come to office so Dr,car company
was gives cars so Cr
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