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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 / 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.)
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