Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

can anyone give the journal entry with the amount

10 tv bought in the business for 1000 each, out of which
one is installed.

Answer Posted / swetha reddy

it is clearly mentione that one is installed so it becomes
as capital expenditure its non-recurring in nature so the
treatment will be as follows
T.v a/c.........dr 1000
To cash/bank a/c 1000
As the other 9 are using for business,we should consider
them as purchases
purchases a/c..........dr 9000
To cash/bank a/c 9000

Is This Answer Correct ?    2 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is the difference between cash flow and funds flow

2210


In order to comply with the matching principle, adjustment entries are made at the preparation of ----------

2703


what is your achievements?

1977


how an accountant can do budgetery controls of expenses?

2129


i have need full detail of tds rules and forms submitted dovetails

2013


Distinguish value andPrice

1946


If income and expense both are equal then what it depicts

1924


what is Calculation of Gross Profit Or Gross Loss?

2230


What is dematerialisation and its benefits?

3156


During Cutover Activities of New SAP Implementing Company what we have upload for Closed Fiscal year (that means Legasy to SAP ) Balance sheet or Trial Balance , What is the difference of the Both?

1880


How can i do the entry of of service tax in tally.

2136


please give the sbi bank clerk exam paper model in last five years?

2225


Hi, I would like to check if my understanding is correct I have a negative amount for provision of income tax in my balance sheet from my previous financial year.What are the accounting treatments for income tax paid and then refunded to you for the current year? Is this correct? For payment Dr provision of income tax cr bank For tax refund Cr provision of income tax Dr bank Do I need to input anything in income tax expense acct?

1707


what is data entry? what is report generation ?in accounting how it is used .

2255


Give me the asset revaluation (at the time of asset value increase & decrease) journal entrys?

2157