I purchased a Car & paid 10,000/- Rs. Cash & 50000/- Rs. By
Loan. What will be the Entry ??
Answer Posted / sankeerthana
We have to write multiple entry in this case my Dear friends
Car a/c Dr 60000/-
To Cash a/c 10000/-
To Loan a/c 50000/-
(Being car purchased by paying cash and loan taken for the
purpose)
Always we have to write in common accepted form but not as
Dr and cr
Recently it happend to visit one site exclusively dealt
with Journal entries,Accountancy and Taxation. You can go
thru nearly 20000 Abbreviations collected from different
sources by the author of the site. So I am recommending you
to visit it once
http://www.therealaccountants.com
| Is This Answer Correct ? | 14 Yes | 1 No |
Post New Answer View All Answers
What do we mean by purchase return in accounting?
What are the features of financial accounting?
Define fair value accounting?
i have pay to 250000 excise duty so i ask to all how can maintain entry in tally ?
Differentiate between consignor and consignee?
Why some asset accounts have a credit balance?
What is meaning of invoice?
Tell me what do you believe makes a successful account executive?
if my salary is 12000 per month how much i will get after deducting PF an ESI
Where the financial accounting fails the cost accounting for is rescue but still there are some limitations deficiencies in the system?
What is an ea in accounting?
What was your average accounts receivable days outstanding/days sales outstanding?
1.recivable and payble 2.pf,tds,esi
What is the equation for acid-test ratio in accounting?
Explain what knowledge should financial accountant have?