I purchased a Car & paid 10,000/- Rs. Cash & 50000/- Rs. By
Loan. What will be the Entry ??
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Answer / abhinandan kumar
car a/c - Rs. 60000/- Dr
cash a/c - Rs. 10000/-Cr
Loan a/c - Rs. 50000/-Cr
| Is This Answer Correct ? | 48 Yes | 2 No |
We have to write multiple entry in this case my Dear friends
Car a/c Dr 60000/-
To Cash a/c 10000/-
To Loan a/c 50000/-
(Being car purchased by paying cash and loan taken for the
purpose)
Always we have to write in common accepted form but not as
Dr and cr
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| Is This Answer Correct ? | 14 Yes | 1 No |
Answer / abdul hannan
car a/c - Rs. 60000/- Dr
cash a/c - Rs. 10000/-Cr
Loan a/c - Rs. 50000/-Cr
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / mohit kumar
CAR a/c DR. Rs.60000/-
TO CASH A/C RS.10000/-
TO LOAN A/C RS.50000/-
| Is This Answer Correct ? | 6 Yes | 1 No |
Answer / mahendra
Car a/c Dr. 60000
To Cash Cr. 10000
TO Loan Cr. 50000
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / monu
loan a/c dr 50000
cash a/c dr 10000
car a/c cr 60000
| Is This Answer Correct ? | 1 Yes | 6 No |
Answer / gagan singh
car a/c- Rs. 10000/-dr
Car a/c- Rs. 50000/- dr
Cash a/c Rs. 10000/- cr
Loan A/c Rs. 50000/- cr
| Is This Answer Correct ? | 6 Yes | 21 No |
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DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in haryana. The company's sales in the year ending on 31st march 2007 were Rs.1000 million(Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of the company is 14 percent.The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30 million per annum. The plant can be sold for Rs.200 million: (a) The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annum installment of interest and repayment of principal. (b) A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: (1) Should the company expand its capacity? show the computation of NPV. (2) What is the annual installment of bank loan? (3) calculate the quarterly installment of the financial institution loan. (4) should the company borrow from the bank of from the financial institution?
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