Assume we have taken a vehicle on leasing Cost Of vehicle
Rs.2445000 (vat 261964.00)on 22/12/09 ,the vecle lease for
4 years and made intial paymenent as Rs.25000 &the monthly
leasing amount Rs.59806.00,pls let me know the double
entries for this finacial year (with figers)



Assume we have taken a vehicle on leasing Cost Of vehicle Rs.2445000 (vat 261964.00)on 22/12/09 ,t..

Answer / guest

U want to calculate the figures then u have to specify the
rate of interest...

Is This Answer Correct ?    4 Yes 0 No

Post New Answer

More Audit Interview Questions

what is the steel consumption per sq ft for ground plus 12 floors

0 Answers  


company A is parental company of company B.if company A pays rent for company B to landlord,What will be the journal entry recorded in the books of company A and company B?

2 Answers   Cognizant,


Why do you choose Auditing ?

0 Answers   Ernst Young,


Explain what are the different functions of internal audit?

0 Answers  


What motivates you?

5 Answers   Ernst Young, Fidelity,






State with reason which account should be debited and which account should be credited in each of the following transactions: 1. Raj commenced business with cash Rs. 5000 2. Bought goods from Kiran for cash Rs. 1000 3. Sold furniture to Ravi on credit Rs. 500 4. Sold goods for cash Rs. 800 5. cash purchases Rs. 600 6. Bought Stamps Rs. 10 7. Withdrew cash from the business for personal use Rs. 1000 8. Paid salary to manager Rs. 500 9. Paid rent to landlord Rs. 200 10. Received commission from Mani Rs. 50 11. Paid for repairing machinery Rs. 30 12. Received cash form Ravi on account Rs. 400 13. Gave loan to Babu Rs. 500 14. Purchased goods from Sachin Rs. 400 15. Opened a bank account with Rs. 1000 16. Charged Mohan Rs. 50 commission for service rendered to him 17. Santosh paid the interest on loan advanced to him 18. Received loan from Manju Rs.10000 19. Office furniture stolen Rs. 500 20. Paid income tax Rs. 5000 21. Paid life insurance premium Rs. 300 22. Allowed discount to Babu Rs. 90 23. Discount received from Santosh Rs. 150 24. Amount charged by bank as bank charges Rs. 30 25. Railway fright paid on machinery purchased Rs. 100

2 Answers  


what big4 firms expect in articleship assistant..?

0 Answers  


Who can carry out a charity audit?

2 Answers  


i have completed my b.com gradution i want to expert in audit and taxation for this which course should i do

1 Answers  


Explain about cross functional audits?

0 Answers   Ernst Young, Thomson Reuters,


7. Sarbanes-Oxley requires auditors of public companies to maintain audit documentation for what period of time? A) Not less than 3 years. B) Not less than 5 years. C) Not less than 7 years. D) Through the issuance of the financial statements.

3 Answers  


What do you think you will be doing in your first year with us?

0 Answers   Ernst Young,


Categories