exchanged old furniture for new,the value of old furniture
was rs 350 while the vaue of new furniture was rs 900
balance paid in cash
what will be the journal entry according to you
Answers were Sorted based on User's Feedback
Answer / maya
New Asset A/c Dr 900
To old asset 350
To Cash 550
being new Asset puchased by exchanging the
old one and the balance paid in cash
Is This Answer Correct ? | 10 Yes | 3 No |
Answer / yogendra.c
Dr. (New)Furniture A/c - 900 (Real A/c, Dr.Comes in)
Cr. (Old)Furniture A/c -350 (Real A/c, Cr. Goes out)
Cr. Cash A/c - 550 (Real A/c, Cr. Goes out)
Is This Answer Correct ? | 7 Yes | 2 No |
If balancing account is not assigned to company & is assigned to department wat will be the effects
What is the Rate of VAT applicable on Electronic & Electrical goods?
What is the journal and payment entry of P.F and E.S.I
21 Answers ABC, Chartered Accountant, IBM, Kohinoor,
Entry Tax is Central Income or State Income. Which Challan this tax deposited ? In Sale Tax Return which column is shown this tax
is it software companies also using Tally software for their accouts?
how calculate intrest on advance tax ? and penalty on vat?
ference between Reserve capital and capital reserve Capital-IQ 1 100
what is golden rules of account?
what is ex-gratia to employees
1 Answers Chartered Accountant,
Why Capital IQ?
what is the nagative good will?
What is Journal Entry for Provision for Leave Salary
4 Answers Bescom, State Bank of Mysore SBM,