Asset payable entry
This query is : Open
karthikrao
(Querist)
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
(Expert)
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
(Expert)
20 May 2017
assets likha nahi purchase ki jagah
CA Mohit Kumar
(Expert)
20 May 2017
assets DR. to Creditors Cr
karthikrao
(Querist)
20 May 2017
on 30 the march any outstanding accounting entry to be made for creditors towards asset purchase.
CA Mohit Kumar
(Expert)
20 May 2017
when you do assets dr to creditora cr then it will automatically shown in payable
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