Interested to Buy Any Domain ? << Click Here >> for more details...
The jouranl entry of purchage of fixed assets are assents
a/c dr. to cash/bank account why we not make journal entry
for this is purchage a/c dr. to cash/bank .
- 9 Answers
- 19895 Views
- Reliance, I also Faced
- E-Mail Answers
Answer Posted / libin kulamuttom
because in accounting,the term purchase means purchase of goods & it does not include purchase of fixed asset.
| Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
What is the difference between a provisions and reserves?
What qualities have you got that would make you a good accountant?
What Is Differ tax,
Tell me do you think accounting standards are mandatory and why?
Mohan sold goods on 1st sep 2009 for the rs 200000/- to sohan immediatly accepted a 3 month bill.on the due date sohan request for the renewal of the bill for further peirod of two month .mohan agree to pay interest @9% per annum to be inculuded in the new bill . determine the amount of new bill?
what is addition of Opening Balance and net profit transfered from profit and loss account called
Plz Ask from me New Accounting Questions.
what is the accounting treatment in tally of free goods received with goods purchased.
I have deducted Notice pay Rs. 5000/- in which account to be booked the same enty, what is the head for notice pay in profit and loss a/c.
WHAT IS MIS REPORT IN ACCOUNTS ? WHAT IS ITS USE IN ACCOUNTS & GIVE WITH AN EXAMPLE ?
List out the stages of double entry system?
A non-function currency claim:- Employee while updating a non functional currency claim the system uses the period end rate i.e. any claim pertaining to the period 01Aug - 25th Aug. the system uses the period end rate as of July 31st. (2) Also, what is the basis of using the period end rate not the average rate for expenses claim. Can you please clarify my question.
in terms of accounting the trial balance when is it taken?
In the Manufacturing IF QC reject the material. Then where to record rejected material amount.
What does the financial statement of the company include?
