I purchased a Car & paid 10,000/- Rs. Cash & 50000/- Rs. By
Loan. What will be the Entry ??
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Answer Posted / sankeerthana
We have to write multiple entry in this case my Dear friends
Car a/c Dr 60000/-
To Cash a/c 10000/-
To Loan a/c 50000/-
(Being car purchased by paying cash and loan taken for the
purpose)
Always we have to write in common accepted form but not as
Dr and cr
Recently it happend to visit one site exclusively dealt
with Journal entries,Accountancy and Taxation. You can go
thru nearly 20000 Abbreviations collected from different
sources by the author of the site. So I am recommending you
to visit it once
http://www.therealaccountants.com
| Is This Answer Correct ? | 14 Yes | 1 No |
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