if u r work in showroom as a accountant. one day owner's friend is come in

if u r work in showroom as a accountant.
one day owner's friend is come into his showroom and he want
to buy a 1 track-shoot but he confused and he take 3 track-
shoot with us and reply he only pur. 1 track-shoot & 2
track-shoot return after 3 days. so now what is entry passe
in account.?

Question Posted / rahul

1 Answers
2818 Views
I also Faced
E-Mail Answers

if u r work in showroom as a accountant. one day owner's friend is come into his showroom and ..

Answer / rahul vala

Only monetary transactions are entered in the books of Account . Hence, when he actual buy trackshoot only that transaction will be record in the books of Account.

Is This Answer Correct ?

0 Yes

0 No

Post New Answer

More Accounting General Interview Questions

Difference between Debit Note & Debit Memo????????

1 Answers

How tha valuation of Inventory should be done?

3 Answers Deloitte,

what is Investment Fluctuation Fund? is it reserve or provison?

9 Answers Colgate,

what is excise duty and what should be the entry of purchase and sale in account books of excise

3 Answers

examples for depereciation

6 Answers

ABC LTD PURCHASE GOODS FROM XYZ LTD OF Rs.400000/- BUT DURING THE TRANSPORTATION ALL GOODS ARE DESTROYED.ACCORDING TO AGREEMENT INSURENSE CO. PAID 75% OF DESTROYED GOODS TO SELLER. WHAT WILL BE JOURNAL IN BOTH PERSON ACCOUNT.

7 Answers

Name three (3) fixed-income security types

2 Answers

How to charged TDS on salary and How many charged percentage?

1 Answers

what are the voucher entries of gratuity in tally

3 Answers

Journal Entry:- Till taking for the months Rs 10000.

2 Answers

What is the difference between Economics and Finance?

0 Answers Deloitte,

what is accounting rules

2 Answers Construction, Genpact,

For more Accounting General Interview Questions Click Here