Financial entries
This query is : Resolved
vikash kumar
(Querist)
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 ?
Manish Bhandari
(Expert)
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
Ganeshbabu K
(Expert)
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Issuing of delivery challan by seller of goods
- Nursery business
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
