your purchases 10 Furniture from Other company, your
starting own furniture business. each furniture value is
Rs.1000/-, your business purpose use 2 furniture. and other
furniture are
sales purpose !
pls tel me Purchases Entry !
Answer Posted / rajni
Purchase A/c ......Dr 8000
FUrniture A/c ......Dr 2000
TO Cash A/c..... 10000
Out of 10 Furniture 8 furniture are like our purchase
goods & 2 Furniture like our Assets
| Is This Answer Correct ? | 6 Yes | 0 No |
Post New Answer View All Answers
what is buy bach shares?
what are the customization u have done in sap mm
what is the procedure for issuing th C form
Do I need a waybill in the following case:- If I purchase (on bill) small quantity goods (like artificial jewelry) from one state (say Delhi) and transports it personally (say via flight) to other state (say West Bengal) along with my personal belongings and then I put them to sell through my boutique in that state. Do I need waybill? If yes, what will be the procedure? Do I need to pay entry tax at WB? What will be the procedure? Am I doing anything unlawful while transferring goods personally? Please give your advice. Regards, Manoj
How and by whom the Percentage of Depreciation is fixing?
What is written off?
what do you mean by accounting?Explain the various concepts of accounting and the need for having accounting standards?
institutional investors?
A company acquires new taxi fleets on 1April 2006 with intention to provide services during the World Cup period and thereafter dispose the taxis .The World Cup runs for three months to 30 June 2006.The company's year end is 30 June 2006.how do you account for taxis at initial recognition .
What is Trade Recovery Estimate and how can we calculate it?
how to calculate stt
i m a student of icwai i have just passed out my foundation and i wanna no if i should go for both intermediate group together or not....
If someone knows about the test pattern of Junior executive accounts than please share.
Total numbers of companies listed on stock Exchange?
What is account