Accounts

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 December 2010 i need journal entries for
paid insurance premium Rs. 5000 for a shop
distribution of free samples Rs. 10000
loan to mudit
repairs to buildings
Please help me

CA Ayush Agarwal

CA Ayush Agarwal (Expert)
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29 December 2010 1. Insurance Premium Dr. (Indirect Exp.)
to Bank/Cash A/c

2. Free Sample Dr. (Under Sales & Promotional Exp.IndirectExp.)
to Goods Account / Purchase Account

3. Mudit Dr.
to Bank A/c

4. Repair to Building Dr. (Under Indir. Exp)
to Bank/Cash A/c

CA Ayush Agarwal

CA Ayush Agarwal (Expert)
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29 December 2010 If Repair to Building is Increasing its Life Then May B Capitalised & Debited to Fixed Asset That is Building

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