Whether purchase of a fixed asset comes in receipt & payment
account or not?
Answer Posted / raghu.v.
If we have purchase made of Fixed asset we have record in
Journal voucher ,that,
Fixed assets a/c Dr 500
Supplier /ac Cr 500
After we have made payment to them,That,
Supplier a/c Dr 500
Cash /Bank Cr 500
| Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
export sales contract and domestic sales contract? india's trade in commercial services?
if co. (proprietorship). purchase mobile phone for employees than mobile phones under off. equipment .we have rec. purchase bill gst applicable how shows entry
Wat entry ill come after paying the Cen -Excise Tax Vat Tax and Service Tax in the same time
Describe me accounting rules
Scheme is given by a company to his distributors on sale of goods, what is the treatment of this scheme distributors hand Direct income or indirect income
What is the depreciation rates for all the assets?like plant & Machinery,computers,software,land & buildings
a person have to buy 2kg items out of 4 differnt price tag item i.e potatoo rs. 10 kg, onion rs. 5 kg , radish rs. 1 kg, and chilli rs. 1 kg in rs 10 how can he do
What action could be taken by you and your manager to improve your performance in your current position?
Do you know retail banking?
What is a ledger in regards to accounting?
What is the logic behind this entry P & L Appropriation A/c ..........Dr. To Provision for income tax A/c
What do you debit and credit if discount allowed is underrated?
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.
The claim recoverable has been settled with the insurance company for 2000.what is the actual stock lost value? Please give me in calculation.
If assume we paid 50/- as an advance for worth or 100/- goods, but our supplier sent only up to 25/- worth of goods. Know my question is that we want to close the transaction now and how it possible? What about vat like tax setups in ap and ar? What about the sweep command in ap?