can anyone give the journal entry with the amount

10 tv bought in the business for 1000 each, out of which
one is installed.

Answer Posted / dipak singh

TV A/c. Dr. 1000.00
Stock In transit A/c. Dr. 9000.00
To Cash or vendor A/c. Cr. 10000.00

(Becouse 9 tv yet to installed but we have allready
purchased the thing, so we can show 9 nos. of tv SIT & out
of which one entered in the assets.)

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Dear Sir, My qus is my co. purchase a laptop from Abc.co. for rs-37200 on credit Emi basis from hdfc bank. i paid every month 6200rs as a installment. so i want to know how i make a entry in tally 9. and also want to know i creat laptop ledger under fixed assets or office expenses. plz tel me soon.or mail me .

1639


Paid vehicle insurance of Rs 12000 on 1-1-2009. Pass entry at the of payment and also create prepaid insurance account

1558


I have a existing Oracle applicttions and need to bring one of the new business on it. The new business will use GL, AP and FA. We will use existing COA. This business will have 3 sets of books (1- tax book, from April to March; 2- Primary book, from July to June; 3- Reporting book, from July to June); All books will have same currency; HOW DO I TRANSFER DATA FROM PRIMARY BOOK INTO TAX AND REPORTING BOOKS EVERY MONTH OR ON WEEKLY? IS THERE ANY STANDARD ORACLE PROCESS WHICH CAN BE SCHEDULED? THE REPORTING BOOK WILL HAVE DIFFERENT DEPRECIATION METHOD SO HOW DO I NOT TRANSFER DEPRECIATION FROM PRIMARY TO REPORTING BOOK AND DO SEPERATE DEPRECIATION IN REPORTING BOOK FOR THE SAME ASSET THAT IS ALSO IN PRIMARY AND TAX BOOK?. HOW DO I APPROACH ON SETTING THESE NEW SETS OF BOOKS? Thanks, KK

1629


What are the benefits ofparticipation in a depository?

1589


What is Compliance?

1656






What is the difference between income statement & Profit&loss A/c?

1475


Can you explain about the distinction of Book-Keeping and Accounting

1542


What is invoice accounting rules?

1350


reason for difference in Balance sheet (Asset side & Liabilites side)

1564


Expand ----------GIDB

1628


what is Sums on Finalization of Accounts?

1633


what is Ratio Analysis ?

1818


What do you mean by Green-shoe option?

1626


what are the important steps to take during the conversion of an accounting system.

1513


In what cases can Convertible bonds be considerred as derivatives?

1769