Interested to Buy Any Domain ? << Click Here >> for more details...
My company has just bought a car. The breakdown is as below:
cost of the car = 50000
Interest = 15000
Registration fee = 500
Road tax (first year) = 1800
Please show me the correct entries in the books
Thank you
- 6 Answers
- 9811 Views
- I also Faced
- E-Mail Answers
Answer Posted / manoj kumar
car a/c..... dr Rs 50000
interest a/c ...Rs 15000
registration fee Rs 500
road tax Rs 1800
To cash a/c Rs 67300
( Being the car purchased and capitilizes exp)
| Is This Answer Correct ? | 22 Yes | 7 No |
Post New Answer View All Answers
what is consignment entry?
Why we debit expenses and credit incomes ?
As you know any other accounting application?
Who is debtor purchaser
in insolvency we have to prepare deficiency account but why we do not prepare this account as per general principle i.e Dr Cr To By etc , and deficiency account is which account?
What are the 5 basic accounting principles?
we have received amount from others through debit/ credit cards. what is the ledger group of this? i am confused selecting the ledger group could you explain.
Do you know any other accounting application?
want to know the questions and answers frequently asking in banks at the time of interview for any cadre
What is journalizing?
HOW CAN WE CONVERT IN CFT TO A ROUND LOG??
how to solve cashbook question
Cost Accounting
how will decide that vender payment is ok without reco
difition of reserve & surplus
