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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 / rajni
only one car is buy for official purpose and others for
personal use so it will be drawing and journal entery will
be...
car a/c dr. 1000
drawing a/c dr. 9000
to cash a/c 10000
| Is This Answer Correct ? | 35 Yes | 0 No |
Answer / rajendra
here we see that out of the 10 cars purchased only one car
is used in the business.so the remaining 9 cars are used
for personal use nd personal transactions are not entered
in books of accounts of the business.so the entry would be
here iam assuming that the case is taken from business
Drawings a/c..dr 9000
car a/c..dr 1000
to cash a/c 10000
( being cash withdrawn from business for purchase of cars)
| Is This Answer Correct ? | 14 Yes | 1 No |
Answer / shabd kumar choudhary
car a/c. dr. 1000
drawings a/c.Dr.9000
cash cr. 10000
| Is This Answer Correct ? | 10 Yes | 2 No |
Answer / imtiyaz ali
PURCHASE A/C DR 9000
VEHICLE A/C DR 1000
TO CASH A/C 10000
( BEING GOODS PURCHASED )
| Is This Answer Correct ? | 20 Yes | 14 No |
Answer / ksrprasad
first of all you specify cash paid from company account or
individual account and also specify bill taken on company
name or individual name then only we can give the answer
otherwise whoever can't give answer.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / sesha sayana reddi
car a/c dr 1000
drawings a/c dr 9000
to cash a/c 10000
(being one car is used for office use
and remaing for personel use)
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / venu milkoori
Drawings a/c Dr 9000/-
Car a/c Dr 1000/-
To Cash A/c 10000/-
(Being only one car is used for office purpose, rest of all
assemed as for his own purpose, so it will treated as
Drawings)
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / mk reddy
car a/c-dr.......1000
drawings a/c -dr.9000
to cash a/c..........10000
| Is This Answer Correct ? | 0 Yes | 0 No |
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