I purchased a machine and finance it by bank with the amount 1900000 and bank apply the finance charge 440000 for 3 years finance how to pass this entry still machine value is 2200000 is finance charge is interest (indirect exp.) pls help me.
No Answer is Posted For this Question
Be the First to Post Answer
What is Prepaid Entry
Name Financial Institutions available in Indian Industry to meet financial needs ? and their objectives ?
Sums on Finalization of Accounts give exaple?
what is joint venture & venture capitaling
Cello pen gross value is 935.89 for 12 nos 14.5% tax
Explain the impact of working capital in general business activities?
1 Answers Accenture, Capital IQ,
Define retail banking?
what is contingent liabilty, how it shows in balance sheet?
If drs are deducting amt as TDS , how entry will be passed in books? pls clarify
What is difference between Expense and Expenditure ? Please explain in detail..
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
if at the end of the year cash book is showing debit balance whether it is meant that cash is not deposited after deducting expenses in bank and it is in hand and we should deposit in next year