Fixed asset purchased using bajaj Finance Card
This query is : Resolved
Kreatz Kreatz
(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
CA R SEETHARAMAN
(Expert)
05 April 2024
ITC can be availed as it's used for business.
Debit liability account and Credit capital account.
Debit liability account and Credit capital account.
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