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
what do you consider to be the biggest challenge facing the accounting profession today?
Do you think accounting standards are mandatory and why?
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.
i am normally accountant. i am not a CA. then i learn a account maintain
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
Where the financial accounting fails the cost accounting for is rescue but still there are some limitations deficiencies in the system?
what is difference among credit, loan, advance
How is the accounting for lease transactions done?
Can u please send me a set of accounting base questoin with answer,genraly ask by interviewer?
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.
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
What does the investment of personal assets by the owner will do?
Explain me bills receivable?
Tell me what is the difference between accumulated depreciation and depreciation expense?
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?