Follow Our FB Page << CircleMedia.in >> for Daily Laughter. We Post Funny, Viral, Comedy Videos, Memes, Vines...

Pls. tell me any body , in my company we are paying emi for
systems how the value take for computers & how to book a
j.v for above transactions

Answer Posted / prashant

lets assume you have bought computer systems for Rs. 50,000
from ABC Ltd on 10 EMI of Rs. 5000
entries to be pass are
1)
computer A/c (Fixed Assets) Dr. Rs. 50000
To ABC Ltd Rs. 50000
(being purchase of Computer)

2) while making emi payment entry to be pass
ABC Ltd A/c Dr. Rs. 5000
to Cash/ Bank A/c Rs. 5000
(being 1st out of 10 emi paid for purchase of computer)

Is This Answer Correct ?    5 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is valuation code and valuation modifier in sap fico

1565


credit card expenses entry kisme pass karenge

513


what is the D.V.T. rate from 1/10/2009

1194


in trading credit why does goods sent on consignment come?

1090


Pl's confirm me this entry how to pass in Tally 9.0 & Tally ERP.9 that if I purchase 20 mobile,30 phone,20 LCD,15 laptop from mangesh @ Rs.7000,Rs.200,Rs.17000 and Rs.14000 respectively on each. But I purchase by cash and 15 days later I sold half of the thing to priya margin of Rs.100 on each by cheque and rest i sold to minal on cash margin of Rs.200 on each. But I received cash 1 month later. so calculate how much profit I got by selling the products.

2435






what is loan operations and what are the complete process form from making customer to closure of loan

1274


How will I post entries to Tally If I purchased a Car in Loan. The principal Amount = 62930 Interest = 6846 Total = 69776 We have to pay Rs 1191 every month for 4 years which include Principle amount and interest. how can I post the monthly entries to tally

16775


What is a cpa?

289


whether bills of exchnge can come under the category of reserves and surplus

796


Can we Put "TAX INVOICE" in the sale in Transit (E1) Invoice.

1093


Proprietor paid amount of Rs. 11060/- for car insurance. Pass Journal.

558


Who is considered the father of accounting?

223


HELLO FRIENDS I WANTED TO THAT IS DUPLICATE KEY MAKING CHARGE IS UNDER THE HEAD OF GENERAL EXPENSES

1397


What is dd and a in oil and gas accounting?

244


What are control ledgers? What are the purposes of maintaining it?

228