Financial entries
This query is : Resolved
18 December 2013
Dear sir/mam,
I m accountant in a company. I hv a query regarding, Company should take a Car loan for rs. 3,00, 000, We have paid to Automobile com rs.1,30, 000 through bank. TOTAL CAR VALUE OF CAR RS. 4,30,000.
Now we want to book a entry for above transaction.
1. car Loan entry ?
2. Paid to Automobile ?
I m accountant in a company. I hv a query regarding, Company should take a Car loan for rs. 3,00, 000, We have paid to Automobile com rs.1,30, 000 through bank. TOTAL CAR VALUE OF CAR RS. 4,30,000.
Now we want to book a entry for above transaction.
1. car Loan entry ?
2. Paid to Automobile ?
18 December 2013
First boook the car
1) Car A/c Dr
To Supplier (With full value)
2) Supplier A/c Dr
To Bank A/c
To Bank Loan A/c
1) Car A/c Dr
To Supplier (With full value)
2) Supplier A/c Dr
To Bank A/c
To Bank Loan A/c
19 December 2013
Dr.Car A/c 4,30,000
Cr.Supplier A/c 4,30,000
Dr.Supplier A/c 430000
Cr.Bank A/c 130000
Cr.Car loan from bank 300000
Cr.Supplier A/c 4,30,000
Dr.Supplier A/c 430000
Cr.Bank A/c 130000
Cr.Car loan from bank 300000
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Payment of bonus act - notice pay recovery
- MIS MATCH OF INVOICE NUMBER
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
