Answer / manjit mishra

hi dear

purchase a/c dr 10000
to cash / party name cr. a/c 10000

( being 10tv @ 1000each purchase)
its purchased for business not for used in office
so it is not fixed asset b,coz it is for sale pur
next entry from store ledger
it is mention in stock ledger in 1 tv was installed
ok
by
manjit mishra

Answer / krushna

Dear Mithun what made u to bring capital into account. It
is a purchase made for trading. out of which one is taken
for Display in the shop. So it is to be taken as asset.
dont be hasty in making transactions. Think twice or thrice
before you answer.www.therealaccountants.com

Answer / manish vatsaya

purchase A/c --Dr.9000
Fixed Assets T.v a/c 1000

To, Cash/Bank/Vendor 10000

Answer / chamarthy

the answers given by above friends like Ms Swetha Reddy, Uma
& krishna etc are correct., otherwise it can be taken as

First 10 TVs brought for business (for trading)- hence
Purchases (TV)a/c. dr 10000
To cash/bank/Party a/c 10000

Out of this, next - installed 1 TV for business.

Fixed Asset (TV) A/c 1000
To Purchases (TV) 1000

(Out of 10 nos 1 installed for business (asset)

Answer / omer bin ali al jabri

purchase a/c dr
to cash a/c
(being tv bought into the business for cash)

Answer / vipin jain

purchase of t.v a/c 9000(its a part of trading a/c)
t.v a/c 1000(b/s mein asset side FIXED ASSET
MEIN)


TO cash/party name 10000(B/S MEIN)

Answer / santu

purchases a/c dr.
to cash a/c

Answer / kumardeepak.009@gmail.com

Well, This is little Difficult.
TVs are to be treated as Fixed Assets as these are
purchased for office staff, to reduce their work
Frustraction. But Out of Ten, Only One has been installed,
Only One TV can be Capitalised. Other are lying in stock
and may not be capitalise till those gets intalled.
So What I think,
1. Purchases (TV) A/c 10000
to Cash/Bank A/c 10000
2. Fixed Assets A/c. 1000
To Purchases A/c 1000

Answer / dipak singh

TV A/c. Dr. 1000.00
Stock In transit A/c. Dr. 9000.00
To Cash or vendor A/c. Cr. 10000.00

(Becouse 9 tv yet to installed but we have allready
purchased the thing, so we can show 9 nos. of tv SIT & out
of which one entered in the assets.)

Answer / arun

we can capitalised the fixed assets in the books of
accounts immdiaitely but we can charged depriciation only
for one TV. entry is

Fixed assests(Tv)dr 100000
To vendor/cash 100000

Define Trial Balance?

13 Answers   Genpact,

Expand-------RGD

2 Answers  

how many types of accounts in accounting language?

9 Answers  

what is capital budgeting and techniques of capital budgeting.

9 Answers   Infosys, Suzuki, Wipro,

define instsllment system?

1 Answers  

CAN ANY BODY ASK ME CLASSIFICATION OF P.F RS 930 /- DEDUCTION FORM MY SALARY AS A P.F SO HOW MANY RS CREDITED IN MY ACCOUNT ( GIVE IN DETAIL )

2 Answers  

what is vat sett off? service tax?

2 Answers  

Concept of Derivatives and types?

1 Answers   Mellon,

Golden rules of accounting

369 Answers   Accenture, Accounting, Ajuba, Birla Tyres, Chartered Accountant, Flextronics, Genpact, Hewitt, HP, Intel, JPMorgan Chase, Northern Transport, Oracle, Scope International, TCS, TransWorld, UCO Bank, WNS,

You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.

0 Answers   Ignou,

circumstances in dissolution of solvent and insolvent partner in garner v/s murray rule

1 Answers  

What is C form? In C form 'C' means what

15 Answers