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can anyone give the journal entry with the amount
10 tv bought in the business for 1000 each, out of which
one is installed.
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Answer Posted / swetha reddy
it is clearly mentione that one is installed so it becomes
as capital expenditure its non-recurring in nature so the
treatment will be as follows
T.v a/c.........dr 1000
To cash/bank a/c 1000
As the other 9 are using for business,we should consider
them as purchases
purchases a/c..........dr 9000
To cash/bank a/c 9000
| Is This Answer Correct ? | 2 Yes | 1 No |
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