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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
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with Journal entries,Accountancy and Taxation. You can go
thru nearly 20000 Abbreviations collected from different
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http://www.therealaccountants.com
| Is This Answer Correct ? | 14 Yes | 1 No |
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