Interested to Buy Any Domain ? << Click Here >> for more details...
purchased a laptop for Rs.50000 and received one calculator
costing Rs.1000 for free. Both laptop and calculator
(stationery in nature) are meant for office use.What will
be the journal entry in the books of both the parties?
- 21 Answers
- 38341 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / haj mohamed
Laptop and Calculator is the Asset for Office
So
Asset or Name of the Asset Dr
Cash or Bank Cr
Laptop A/c Dr. 49000
Bank A/c Cr. 49000
Calculator A/c Dr. 1000
Bank A/c Cr. Cr. 1000
| Is This Answer Correct ? | 3 Yes | 13 No |
What is a Prepayment and Explain the accounting entries
What is current ratio?
3 Answers Hyundai, State Bank Of India SBI,
why we are considering the net profit as liable in balance sheet
What is entry of Dishonored cheque issued to supplier
ledger entry for outstanding salaries
10 Answers D Link, ITC Infotech, Northern Trust,
What is tds and how it is calculated?
usualy what they are expecting source of knowledge while in interview
WHAT IS OPERATING CYCLE?
Can CPF share given by govt. added in the Financial gross salary while calculating Total gross salary at the end of Financial year.For eg: My gross salary is Rs.X during a Fin. year & govt share of CPF is Y then Total Fin. Year gross salary is =X+Y,is it correct?
what is the book keeping?
What is the last date of submitted of individual itr and Balance sheet, and company itr and balance sheet?
what are GAAP items and examples of such?
Audit 
