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if i bought 10 car @ Rs1000 each.one car i used for office
use then what will be the entry?
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Answer / karan singh mba
10 cars are brought k, one car is used for office rest 9
cars are bought for personal use, anything which is
personal comes under drawings, so the entry would be,
car a/c dr............1000
drawings a/c dr........9000
to cash a/c cr..............1000
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / satish
car a\c .............dr 10,000
to, cash a\c.........cr 10,000
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / selvam
Cr. Cash A/c 10,000.00
Dr. Fixed asset A/c 1,000.00
Dr. Stock 9,000.00
| Is This Answer Correct ? | 8 Yes | 11 No |
Answer / a.p.mohapatra
purchasea/c Dr 9000
Cara/c Dr 1000
TocashA/c 10000
(Being cars purchased for sale and one for office use)
| Is This Answer Correct ? | 6 Yes | 9 No |
Answer / a.balajee.rao
car a/c.......................Dr 9000
purchase A/C..................Dr 1000
To Cash A/C...................Cr /10000
| Is This Answer Correct ? | 2 Yes | 5 No |
Answer / narra.ram reddy
cars was purchased for office purpose so it is not purchase A/c
so the entry is
fixed asset A/c ..........Dr 10000
To Car A/c 10000
because Fixed asset was come to office so Dr,car company
was gives cars so Cr
| Is This Answer Correct ? | 1 Yes | 4 No |
Dr. Purchases A/c
Dr. Vehicle A/c
Cr. Cash A/c
( Being amount paid angst the purchses )
| Is This Answer Correct ? | 5 Yes | 9 No |
Answer / krishna mohan
purchase a\c dr
car a/c dr
to cash a\c
being cars purchased
| Is This Answer Correct ? | 2 Yes | 6 No |
Answer / jyoti agrawal
asset a/c dr 10000
drawings a/c dr 90000
to cash a/c
| Is This Answer Correct ? | 1 Yes | 5 No |
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