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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 / kumardeepak.009@gmail.com
Well, This is little Difficult.
TVs are to be treated as Fixed Assets as these are
purchased for office staff, to reduce their work
Frustraction. But Out of Ten, Only One has been installed,
Only One TV can be Capitalised. Other are lying in stock
and may not be capitalise till those gets intalled.
So What I think,
1. Purchases (TV) A/c 10000
to Cash/Bank A/c 10000
2. Fixed Assets A/c. 1000
To Purchases A/c 1000
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