machinery purchase of 10000 plus transportation 800
what will be the journal entry

Answer Posted / vijay

Machinery a/c dr 10000
Transportation charges a/c dr 800
To party a/c 10800
( Being machinery purchased)

Is This Answer Correct ?    7 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

A Company has not deposited its ESI /PF dues from 01-04-10 till 31-12-10 in a year (Both the shares). What is the maximum time limit for that and is the liability as on date. Management wants to daly at the maximum, but want the calculations of each & every aspect- monthwise. The avrerage no. of employees are 50 and the salary is around 2.00 to 2.5 Lacs per month.

1590


example wrongly financial statments showing vat refund (under Advances) for the finanical year 08-09 , but present assement year after assement by cto given vat refund more than ledger showing balance then decided to every month set off vat payable to vat refund(advance) but more than recoverd compare with company and cto then what is the entry to be take.

1744


What are the two most important Factor that should be kept in mind when there is a buy back of shares in companies as per indian companies act,1956

1641


HP EMPLOYYES - If any one in HP company, Please give refernce for attend the Accounting Job in chennai,Bpo- chetpet.If any one Worked there Please,Send mail to me Umaiyo@gmail.com.I have 1 year exp in banking sector, & 8 months exp in accounting in SIEMENS, at present I'm searching for a job.If any person see this mail,Kindly send mail to me. Thank U Friend.

1639


What is fbt (fringe benefit tax)?

660






Is there Disqualification of Auditor u/s 139 of Companies Act 2013 if the auditor is indebted towards the company to be appointed as an auditor, if amount exceeds more than Rs.1000 as against the provision related to Companies Act, 1956 ?

1303


difition of reserve & surplus

1755


What is dd and a in oil and gas accounting?

674


when we purchase of tractors and two wheeler vehicle from other state what we get taxes exemptions

1508


Mention what are things will not be included in a bank reconciliation statement?

678


What is the difference between accrual

1654


what made you take up present subject/area of specialization and what would you define as your career objectives

1684


Tell me where do generally accruals appear on the balance sheet?

514


What does an accurate trial balance suggest?

654


Explain what is the disadvantage of double entry system?

614