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Fixed asset purchased using bajaj Finance Card

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(Querist)
05 April 2024 Proprietor Purchased a laptop using his bajaj Finance Card for his firm. and the EMI will deducted from his personal account. what will be the journal entry? and can avail the itc
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
05 April 2024 ITC can be availed as it's used for business.
Debit liability account and Credit capital account.

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