Answer Posted / sourav

The journal entry depends on the following:

1.If the TVs are purchased for a trading purpose,then it
will be:

Purchase A/C Dr. 10000
To Bank/Cash A/c 10000.

(As the Tvs are purchased for Trading purpose then there is
no need to capitalise any TV)

2.If the TVs are purchased for the business and not for
sale,then it will be:

Purchase A/C Dr. 10000
To Cash/Bank A/c 10000

Fixed asset A/c Dr. 1000
To Purchase A/c 1000

(As the TVs are purchased for business purpose therefore
the TV that is installed has been capitalised)

Clasify Loss

2057

---

Hi, Please post in here the Aptitude Test Questions given in companies like Thomson, Reuters, GMS, JP Morgan, Northern Trust Bank etc.

6582

---

a) What are the Golden Rules of Accounting? What are the 14 Principles of Accounting

2008

---

What is outsider equity and time interest period ratio?

1876

---

While posting of FB50 entry therE showing errro msg " NOT ASSIGN COMPANY CODE OR CALCULATION PROCEDURE"

1926

---

We are working as Merchant Exporter. My Question is can we Sale the products against 'H' Form to the Exporter after purchasing the material against 'C' Form? Or only Manufacturer can make sale against 'H' Form.

1964

---

What are the question asked for accounts associate

899

---

Explain why retained earnings have an opportunity cost associated?

3397

---

What Are The Characteristics Of Modern Accounting?

4637

---

what do you mean by accounting (or) why accounting ? ( generally we have to speak about our achivements and goals)

1766

---

what is the process to return sales tax file?how can i prepared s.t. file?what should be qualification for it?

1890

---

When is a dedit note raised When is an expense booked

2057

---

whether financing to Bulk Milk Coolers comes under CMA under Agriculture or Non Farm Sector

1636

---

bank exam paper

2177

---

Depreciation method to using Indian company names

2112

---