sold private car for rs 4,000 and bought a new one with
proceeds for bussiess plus rs 5.000 from office cash
what will be the journal entry
Answer Posted / harsha j surapur
Car A/c Dr---Rs. 5000
To Cash Ac-----------Rs. 5000
(Being purchase of car for business)
| Is This Answer Correct ? | 3 Yes | 14 No |
Post New Answer View All Answers
Why in KE5Z report in SAP Accounting Data not found?
In the absence of any provision in the partnership agreement, profits and losses are shared (a) In the ratio of capitals. (b) Equally. (c) In the ratio of loans given by them to the partnership firm. (d) None of the above.
how to prost entry for purchases with a bill
how to assign the cost center to GL Account in SAP (FICO)
What are the different types of gst?
hi every one i just want to know the entry for bank charges dt 31.3.2016 which deducted on 02.04.2016 kindly help me thank you raj
a cc. has balance Rs. 8,40,000 at the credit of profit and loss a/c this balance is used for redemption of debentures what will be the entry
can we credit depreciation of the year to the general reserves in a balance sheet of that year? and also enlist some relevant documents or standards?
Tell me what are things will not be included in bank reconciliation statement?
Assuming that a firm pays tax at a 50 per cent rate, compute the after tax cost of capital in the following cases: I. A 8.5 % preference share sold at par. II. A perpetual bond sold at par, coupon rate of interest being 7 per cent III. A ten year, 8 percent, Rs.1000 par bond sold at Rs.950 less 4 percent underwriting commission.
Why company issue shares at discount as its a loss ?
i am trying to set up a recurring reversing journal in Oracle GL, my problem is i have income balance of £30k that i only want to show 1/12th in a period over 12 months. can any one help me set it up . i want to show P01-13 opening balance £30k less £27500 P02-13 reverse P01-13 journal P02-13 opening balance £30k less £25000 etc. or does anyone know of another way it can be done automatically every month.
How does accounting contribute to the community?
What are the important things to be remembered while preparing a bank reconciliation statement?
How you can adjust entries into account?