If I purchased a machinary of Rs. 50,000 and Received a
free printer of Rs. 3000 . What its Accounting entry?
Answer Posted / ashish garg
if printer is the part of machinery then entry would be
Machinery A/c dr 50000.00
To cash a/c 50000.00
because we are paying only 50000.00 for machinery
(Being machinery purchased)
| Is This Answer Correct ? | 2 Yes | 3 No |
Post New Answer View All Answers
What is back value adjustment/correction in Nostro Reconciliations?
Hi Im Arun D. I m short listed for Karnatka bank interview. Can anybody share ur experiences regarding Bank interview of karnatka bank which was held on dec for Clerical post. Please help me I f u can. thanx in advance
WHAT ARE EQUITY SECURITIES?
CAN ANY OF U TELL ME WHAT QUESTION ACTUALLY ASK IN OPERATION ROUND IN BA CONUTNNIUM SOLUTION
HOW I CAN PREPARE A BALANCE SHEET OF A COMPANY ?
in case dedit balance of solvent partner and in case credit balance of insolvent partner what i do for accounting on dissolution of partnershio firm give me ans. as per garrner v/s murry rule
Short Answer on _________Commerce
EXPAND___________IMF
what are the certificates needed at the time of SBI clerical interview?
while passing a journal entry we rite dr. for the a/c to be debited but why don't we write cr. for the a/c which is credited and instead write 'TO'??
Sensitive field have been defined and customized for vendor master data. For which of the following sensitive fields will an update trigger dual control?(any 1 answer) Currency Account group IBAN VENDOR ACCOUNT NUMBER
---------is the main or principle book of accounts
Expand-------------BRTS
Interest earned on investments is an__________
fill in the Blanks Share Holders in Company have _____________Liability