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
- 19893 Views
- Reliance, I also Faced
- E-Mail Answers
Answer Posted / santosh swain
the account purchase is used for the goods for which the
company is dealing and asset is real account debit what
comes in.
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
What is quality discount?????//// pls mail ur answers at my e - mail ID : kamalsodhi24@gmail.com
we given watches to Employees how to treat accountability what is the debit and credit, or any provision to be ?
In accounting, are assets a permanent account?
When you prepare Profit and loss A/C either you will get profit or loss but not both.Then why we are saying it as profit AND loss A/C,why cannot we say it is as Profit OR loss account?
what will be the possible question for an interview in account post as a fresher
What is a ledger?
Expenses which are incured during the manufacturing are direct expenses.In that case,what are the direct expense in a trading firm where there is no production.Like salary, rent, electricity etc in a trading firm
Why did you select accounting as your profession?
A firm had the following Balances on 1 January 1994: (i) Provision for bad and doubtful debts Rs 2,500 (ii) Provision for discounts on debtors Rs 1,200 (iii) Provision for discounts on creditors Rs 1,000 During the year, bad debts amounted to Rs 2,000, discounts allowed were Rs 100 and discounts received were Rs 200. During 1995 bad debts amounting to Rs l,000 were written off while discounts allowed and received were Rs 2,000 and Rs 5,000 respectively. Total debtors on 31 December, 1995 were Rs 48,000 before writing off bad debts, but after allowing discounts. On 31 December, 1995, this amount was Rs 19,000 after writing off the bad debts, but before allowing discounts. Total creditors on these two dates were Rs 20,000 and Rs 25,000 respectively. It is the firm’s policy to maintain a provision of 5% against bad and doubtful debts and 2% for discount on debtors and a provisions of 3% for discount on creditors. Show the accounts relating to provisions on debtors and provisions on creditors for the year 1994 and 1995.
what type account are below Debentures Bank overdraft
Explain how you can adjust entries into account?
calculations of pf
Explain me where a cash discount should be recorded in journal entry?
In South Africa, the value added tax is administered by?
What are the disadvantages of manual accounting?
