Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

paid rs 60.000 cash on the purchase of equipment costing
80.000 the remaining amount payable with interest rate of 9%.
what is the journal enry

Answer Posted / prakash behera

Equipment A/c Dr 80,000

To Bank A/c 60,000
To Supplier A/c 20,000

Is This Answer Correct ?    8 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what do you consider to be the biggest challenge facing the accounting profession today?

975


Do you think accounting standards are mandatory and why?

1184


Richman Corporation has 120,000 shares of $5 par value common stock outstanding. It declared a 10% stock dividend on June 1 when the market price per share was $12. The shares were issued on June 30. Instructions: Prepare the necessary entries for the declaration and payment of the stock dividend.

2486


i am normally accountant. i am not a CA. then i learn a account maintain

1835


over draft balance as per cash book (journal entries needed) a,cheques deposited in bank but no entry was passed in cashbook b, credit side of the bank, column cash short c, chques received but not sent to bank d, insurance premium paid by bank as per standing instructions e, credit side of bank, coloumn cash short f, bank charges entered in cash book twice g, cheques received returned by bank but no entry passed h, cheques issued returned on technical grounds i, bills directly collected by bank j, bank charges debited by bank k, cheques received entered twice l, bills discounted dishonoured

2746


Where the financial accounting fails the cost accounting for is rescue but still there are some limitations deficiencies in the system?

1127


what is difference among credit, loan, advance

1874


How is the accounting for lease transactions done?

1097


Can u please send me a set of accounting base questoin with answer,genraly ask by interviewer?

2099


How to pass journal entry for payment of 20 % of outstanding income tax demand of AY 14- 15 of an company in the AY 18-19.

1546


sir what is the depreciation and how to calculate depreciation as per company books, i need as per IT ACT, AND Companies Act give me clarification with example

1900


What does the investment of personal assets by the owner will do?

1099


Explain me bills receivable?

1080


Tell me what is the difference between accumulated depreciation and depreciation expense?

1186


Received Invoice from Tvs Co. against purchase of 15 pcs of Mouse @ 750 excluding VAT 4%, Pass journal entry in the necessary books of accounts?

8262