The jouranl entry of purchage of fixed assets are assents
a/c dr. to cash/bank account why we not make journal entry
for this is purchage a/c dr. to cash/bank .
Answer Posted / libin kulamuttom
because in accounting,the term purchase means purchase of goods & it does not include purchase of fixed asset.
Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
when an amountis declared as NPA by a bank whether any interest can be debited to that account after the date it is declared as NPA ? What are the guidelines of Reserve Bank of India in this respect ?
What is double-entry accounting? Explain with an example?
Cost Accounting
simply define shares and debentures
What is ppe in accounting?
we had company we provide work others they deducted tds how to pass entries in my company please tell me
what is payment written
my company taken a hdfc car loan rs.355493/= but bank received only 347345/= .after received the amount company purchase the car. after that regular emi paid to hdfc bank.
What is the revenue recognition principle?
Explain compound journal entry.
Tell me why did you select accounting as your profession?
professional tax payment for april 2017 paid from ranbeers credit card what are the expesses booking entry in tally
journal entry for goodwill and capital bought by a new partner?
What are the different branches of accounting?
WHICH QUESTIONS ASKED IN EPFO IN 2009.