paid rs 60.000 cash on the purchase of equipment costing
80.000 the remaining amount payable with interest rate of 9%.
what is the journal enry
Answer Posted / jitender jakhmola
Purchase A/c Dr. 81,800
To cash A/c 60,000
To cash with Int. 21,800
| Is This Answer Correct ? | 3 Yes | 2 No |
Post New Answer View All Answers
what will be the treatment of preliminery expenses if due to preliminary expenses being written off there results a loss?
What does a demo/presentation need to be effective?
How to calculate Term Loan interest and the double entry for Term Loan ? What difference between hire purchase and term loan ??
Who owns the general ledger?
how to account branches in tally
Tell us in accounting, how do you define premises?
Do you possess any knowledge about accounting standards?
While finalizing the current year’s profit, the company realized that there was an error in the valuation of closing stock of the previous year. In the previous year, closing stock was valued more by Rs.50,000. As a result (a) Previous year’s profit is overstated and current year’s profit is also overstated (b) Previous year’s profit is understated and current year’s profit is overstated (c) Previous year’s profit is understated and current year’s profit is also understated (d) Previous year’s profit is overstated and current year’s profit is understated
What does the investment of personal assets by the owner will do?
for giving the salary in terms of cash to an employee for what minimum amount revenue stamp is reqired to paste the vouceher? up to what limited revenue stamp is required?
What is deferred account?
What is a business transaction in accounting?
I am a service man.I want to submit my income tax return by efilling.Anybody can help me to do the same with the information to submit the file?
GOODS LOST BY FIRE 100 RS, INSURANCE MONY RECEIVED 120,40 PENDING FOR FINAL SETTLEMENT- Journal Entry
Tell us depreciation and its types?