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Asset payable entry

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karthikrao (Querist)
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20 May 2017 my query is suppose we purchase a asset bill from creditors on 30.3.17 and payment to creditors on 15.4.17.what is the accounting entry or any payable entry on particular dates.plz clarify

CA Mohit Kumar

CA Mohit Kumar (Expert)
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20 May 2017 30-4. purchase dr to creditors cr. and 15-4 creditors dr to bank cr..

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CA Mohit Kumar

CA Mohit Kumar (Expert)
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20 May 2017 assets likha nahi purchase ki jagah

CA Mohit Kumar

CA Mohit Kumar (Expert)
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20 May 2017 assets DR. to Creditors Cr

karthikrao (Querist)
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20 May 2017 on 30 the march any outstanding accounting entry to be made for creditors towards asset purchase.

CA Mohit Kumar

CA Mohit Kumar (Expert)
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20 May 2017 when you do assets dr to creditora cr then it will automatically shown in payable

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