Interested to Buy Any Domain ? << Click Here >> for more details...
you purchase a machinary on a loan what is the joury entry
for that and where will you show the the loan amount in
balance sheet and show the ledger account?
- 2 Answers
- 8523 Views
- OPI Global, I also Faced
- E-Mail Answers
Answer Posted / d. k. gupta
Machinery A/c Dr
To Loan A/c (who is issue Loan e.g. Bank Loan A/c
or,Ind,Partyname)
for ledger creation of Loan A.c under the group of Loans
Liability or secured loan or unsecured loan who is ur a/c
group select from them.
if u purchase machine on loan and payment as instalment
then u passed entry every month and any agreement of payment
you passed entry in books
Loans A/c Dr (Machinery Loan A/c)
To Bank or Cash A/c
(chq no-xxxx Being the cheque issue to Bank towards payment
of Machinery loan)
| Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
how we could adj. the entries of prop. & firm in merging time
Transfer nett profit of Rs 325000/- to Reserves and Surplus
please provide wct retun guide line how can prepaire that
1.how can carry forward the balance of ledgers to the next financial year in tally erp 9
Who is called consignor
What is 100% EOu? what is the benifit and what is difficulty of it?
can payorder be issued for outstation?if yes then how?should it be account payee?
Expand-------MTRS
EXPAND___________NAA
If i want to establish a company in which i want to manifacture and sell the Wine. So how many permissions i have to taken and who will issue those?
What do you know about hyd? Tell something about hyd?
what is tds rate of WCT applay for sale tax ragistard company.
what is cost audit?
What type of question generally asked in Brokerage Firm ?
I work in a semi govt society. We purchased a flag for celebrating independence day in office premises . Plz tell me under what head / ledger of exp it comes
