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can anyone give the journal entry with the amount
10 tv bought in the business for 1000 each, out of which
one is installed.
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Answer Posted / chamarthy
the answers given by above friends like Ms Swetha Reddy, Uma
& krishna etc are correct., otherwise it can be taken as
First 10 TVs brought for business (for trading)- hence
Purchases (TV)a/c. dr 10000
To cash/bank/Party a/c 10000
Out of this, next - installed 1 TV for business.
Fixed Asset (TV) A/c 1000
To Purchases (TV) 1000
(Out of 10 nos 1 installed for business (asset)
| Is This Answer Correct ? | 2 Yes | 2 No |
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