Interested to Buy Any Domain ? << Click Here >> for more details...
I took printer from stock, previously I purchased this printer
for £60 plus Vat.
What entries do I need to put through the books?
- 3 Answers
- 5024 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / reddy
HI IAM REDDY -MOBILE- 9008343183. BANGALORE
1) PRINTER A/C Dr 60.00
VAT @ % A/C Dr **.00
TO SUPPLIER A/C (60 + VAT AMOUNT)
(BEAING PRINTER PURCHASED FROM --/BILL NO:)
2) SUPPLIER A/C Dr (60 + VAT AMOUNT)
TO CASH/BANK A/C "
(BEAING CASH PAID TO SUPPLIER)
| Is This Answer Correct ? | 3 Yes | 0 No |
if the stock of business used for personal purpose
then the following entrty has been made>>>>
Drawing A\c Dr
To Purchase A\c
(Being goods used for the personal purpose)
otherwise if the stock (printer) used for the business
purpose then alternative entry should be made>>>
Printer (Assets) A\c Dr
To Purchase A\c
(Being goods converted into Assets)
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / pawan kumar joshi
This question is definatly wrong......
therefore I can't able to give the answer of that
question...]
| Is This Answer Correct ? | 1 Yes | 0 No |
What is NEFT? and its Limit(if any)
How to create Sundry Creditors and Sundry Debtors Aging analysis.
Diffirent betwen Capital Expendature & revenue expendature
8 Answers Genpact, IBSN, Malbro,
At the time of advance tds deducted 2% contract which was wrong but when we adjusting the adavace tds deducting 10% rent how can we adjusting that amount
difference between banker's cheque and cheque
What is absorption costing with defination? and what is marginal costin with defination?
salary entry with briefly including pf,esi,employee advances -journal entry with against payment entry
what is the main difference between Outstanding & Accrued Expenses?
Difference between Debit Note & Debit Memo????????
what are the extraordinary items?
difition of reserve & surplus
What is the difference between costing and cost accounting?
Audit 
