If I purchased a machinary of Rs. 50,000 and Received a
free printer of Rs. 3000 . What its Accounting entry?
Answer Posted / mukesh goyal
Machinery a/c Dr. 47000.00
Computer a/c Dr. 3000.00
To cash a/c Cr. 50000.00
| Is This Answer Correct ? | 2 Yes | 5 No |
Post New Answer View All Answers
How to maintain Purchase Orders ? Please explain by proper format.
What is revaluation of assets.when it occurs
We have a registered dealer under APVAT Act. Our company is manufacturing & marketing of seeds. seeds exempted under vat. recently we have purchased machinery for our new plant construction, against c form. now sales tax dept.not giving the c forms, because our final product is exempted, we are not eligible for c forms. kindly clarify.
What are the major responsibility's of an accountant? what are the qualities he /she requires?
I have scooter , and its insurance expired for the past 1 yrs and i need to renew it ? how to , explain?
How do you avoid loss situation
what is the step in preparing the schedule of audit? can someone explain for me?
What is the important of cash in a business unit
Explain about Fixed capital
A crushing unit blasted 1650Mts in the month of March 2009. The rate of Royalty to be paid is rs 35/- Per MT. Advance royalty was paid rs 250000/- on 1-3-2009. pass journal entries from the advance royalty
EXPAND_________TOEFEL
can you define exogenity endogenity both terms are from economics both are different from exogenous & endogenous variables. I can not find the answers. please help if you can....
why funds management doc is generated during migo and miro
what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching
what are the customization u have done in sap mm