purchased a laptop for Rs.50000 and received one calculator
costing Rs.1000 for free. Both laptop and calculator
(stationery in nature) are meant for office use.What will
be the journal entry in the books of both the parties?
Answer Posted / asif
purchase a/c. 50000
to cash 50000
calculator could not
added. becouse that is
free of cost
| Is This Answer Correct ? | 4 Yes | 3 No |
Post New Answer View All Answers
i have pay to 250000 excise duty so i ask to all how can maintain entry in tally ?
Definition of push down accounting
what are the voucher entries in tally for medical insurance
Tell me where do generally accruals appear on the balance sheet?
what is balance sheet, capital budgeting, financial statements, current ratio, profit maximization?
we are a trading company providing devices and some times after sales service. when any defect came we just replace the hardware from another defective device and getting the payment from the customer. how can we account that? is there any tax implications for this?
goods worth rupees 440 distributes free among the poor?
what is retention? how caculate on asset
when dissoluction of firm why investment flchuationfund subtrect from book value
please send me banking question on my email ID as I have been selected for state bank of india .my email ID is sawant.supriya51@gmail.com
Tell me the types of accounts involved in double entry book-keeping?
Apportionment of expenses
IS THERE ANY DIFFERENCE BETWEEN PAID UP CAPITAL AND PAID IN CAPITAL?
HOW WE MAKE A RESERVE AND AFTER ITS USE HOW WE NIL IT PLEASE MAKE A PROPER ENTRY.
1.WHAT IS BRS? 2.WHY DO WE PREPARE BALANCE SHEET? 3.WHAT IS TRIAL BALANCE? 4.WHAT IS VENTURE CAPITAL? 5. WHAT IS DEFFERED REVENUE EXPENDITURE?