Mr. A purchased a car worth of rupees 2,00,000 on cash than
what would be the entry
- 13 Answers
- 13664 Views
- TATA, I also Faced
- E-Mail Answers
Answer Posted / yash
hello mr.
if car purchased in the name of firm
car a/c dr.....200000
cash/bankcr.......200000
if car purchase in for personal use
drawings a/c dr.........200000
cash/bank a/c cr.............200000
| Is This Answer Correct ? | 4 Yes | 3 No |
Post New Answer View All Answers
Took goods from the shop for use at home. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?
You configured new assets accounting for your company code with three depreciation areas that post in real time. When posting an external acquisition. How many documents are created?( any 1 answer) 2 3 4 6
1.tell about urself? 2.wt is BRS? 3.VAT? 4.Golden principle of accounting?
why do think you are best candicate for this post.
What is cash clearing account
Which Exchange determine Foreign Exchange/Currency Rate?
WHAT IS THE DIFFERENCE BETWEEN PUBLIC COMPANY AND PRIVATE COMPANY? MUTUAL FUNDS? GOOD WILL? ABOUT YOUR PROJECTS?
Short Answer on ________Ad-Valorem Duties
From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
For how long should prepayments be carried in the books as fictitious asset and when is it ideal for a new coy to pay tax
Telly ERP9 is perfect accounting softwear in excise unit.
How do we return the loan in equal installments with interest in tally
Why you choose commerce faculty & not science or Why you are in commerce & not in science ?
Expand-------NAST
Short Answer on _____________Whole Sale Trade
