sold private car for rs 4,000 and bought a new one with
proceeds for bussiess plus rs 5.000 from office cash
what will be the journal entry

Answers were Sorted based on User's Feedback



sold private car for rs 4,000 and bought a new one with proceeds for bussiess plus rs 5.000 from of..

Answer / nagarjuna

CAR A/C DR RS . 9000
TO CAPITAL A/C Cr RS.4000
TO CASH A/C Cr RS.5000

(BEING PURCHASE OF NEW CAR FOR OFFICE BY PAYING RS.5000/- FROM
BUSINESS AND RS.4000/- FROM HIS PERSONAL)

Is This Answer Correct ?    82 Yes 12 No

sold private car for rs 4,000 and bought a new one with proceeds for bussiess plus rs 5.000 from of..

Answer / swarit

CAR A/C...DR. 5000
TO CASH A/C. 1000
TO CAPITAL A/C. 4000

Is This Answer Correct ?    9 Yes 13 No

sold private car for rs 4,000 and bought a new one with proceeds for bussiess plus rs 5.000 from of..

Answer / pavani

cash a/c......Dr 4000
To car a/c 4000
being sold a private car for 4000



car a/c.....DR 5000
To cash a/c 5000
being purchase a new car for office/business purpose

Is This Answer Correct ?    0 Yes 10 No

sold private car for rs 4,000 and bought a new one with proceeds for bussiess plus rs 5.000 from of..

Answer / harsha j surapur

Car A/c Dr---Rs. 5000
To Cash Ac-----------Rs. 5000
(Being purchase of car for business)

Is This Answer Correct ?    3 Yes 14 No

sold private car for rs 4,000 and bought a new one with proceeds for bussiess plus rs 5.000 from of..

Answer / poshalu

carA\c - 5000
To private car - 4000
To cash 1000


(being the new car purchase & Private car sold Rs.4000 &
cash paid Rs.1000)

Is This Answer Correct ?    0 Yes 11 No

sold private car for rs 4,000 and bought a new one with proceeds for bussiess plus rs 5.000 from of..

Answer / shyam

Vehicle A/c Dr 9000
To Cash A/c 5000
To Old Vehicle A/c 4000

Is This Answer Correct ?    0 Yes 11 No

sold private car for rs 4,000 and bought a new one with proceeds for bussiess plus rs 5.000 from of..

Answer / nadhiya

NEW CAR A/C DR RS.9000
TO OLD CAR A/C CR RS.4000
TO CASH A/C CR RS.5000

Is This Answer Correct ?    1 Yes 15 No

sold private car for rs 4,000 and bought a new one with proceeds for bussiess plus rs 5.000 from of..

Answer / jitender jakhmola

Sales A/c Dr. 4,000
To Car A/c 4,000



Purchase A/c Dr. 5,000
To Car A/c 5,000

Is This Answer Correct ?    4 Yes 18 No

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