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paid rs 60.000 cash on the purchase of equipment costing
80.000 the remaining amount payable with interest rate of 9%.
what is the journal enry
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Answer / nagarjuna
EQUIPMENT A/C DR RS.80,000
TO CASH A/C RS.60,000
TO PARTY A/C RS.20,000
(BEING PURCHASE OF EQUIPMENT BY PAYING PART PAYMENT AND
BALANCE IS ON CREDIT)
PARTY A/C DR RS.20,000
INTEREST A/C DR RS. 1,800
TO CASH A/CCR RS. 21,800
(BEING OUT STANDING AMOUNT PAID WITH INTEREST@9% PA)
| Is This Answer Correct ? | 14 Yes | 1 No |
Answer / prakash behera
Equipment A/c Dr 80,000
To Bank A/c 60,000
To Supplier A/c 20,000
| Is This Answer Correct ? | 8 Yes | 1 No |
Answer / girish prajapat
equipment a/c Dr 80.000
To bank a/c 60.000
To creditor/party a/c 20.000
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / jitender jakhmola
Purchase A/c Dr. 81,800
To cash A/c 60,000
To cash with Int. 21,800
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / manish goel
Equipment A//C Dr. 80000
Interest A/C Dr. 1800
To cash A/C 60000
To cash With 9%Interest A/c 21800
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / sumit bhatia
debit whats comes in
Equipment A/C debit 80000
Debit all the loses and expenses
Interest A/C Debit 1800
Credit Whats Goes Out
Cash 81800
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / qasim ali
equipment A/C Dr 80000
Bank A/C Cr 60000
Payable A/c Cr 20000
| Is This Answer Correct ? | 1 Yes | 2 No |
Answer / gnm reddy
EQUIPMENT A/C Dr 80000
INTEREST A/C DR 1800
TO BANK A/C 60000
TO CREDITOR A/C 21800
| Is This Answer Correct ? | 0 Yes | 1 No |
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