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 / qasim ali

equipment A/C Dr 80000
Bank A/C Cr 60000
Payable A/c Cr 20000

Is This Answer Correct ?    1 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

under which head should be the p & l appropriation a/c should be opened in tally 9? and how to preapare and display it?

2050


MEANING OF RED HERRITING

2591


how much cash transaction to single transport company per day and also per year

1575


What do we mean by purchase return in accounting?

1092


What information do you require before you approve an invoice for payment?

1136


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

1885


how to pass provision salary full and settlement(inclusive Bonus,Gratutity etc )please show me entry

2008


What does overhead mean in regards to accounting?

1095


get fixed assets items

1975


Explain which account is responsible for interest payable?

1333


Explain the Realisation concept and Accounting concept? why do you prepare p/l appropriation account? 4 difference b/w public and private caompany? How do you calculated closing stock in tradind a/c? Contents an invoice receipt? classification of Error as per accounting? Diff btwn Satutory audit & Internal audit? Diff b/w reserves for bad debts and provision for bad debts? Where the Bank book and the Cash book will not reconcile? When will the Cash book have a credit balance?

2786


What is balance sheet and off balance sheet?

1071


What is meant by partitioning?

1221


Explain miscellaneous expenditures & profit and loss account debit balance

1062


What are the nine accounting cycles?

1104