Journal entry
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 November 2014
hi every body this is kranthi can you tell me Journal entry for these question
Q:Purchase cell phone Rs.9000 and down payment Rs.1500 and remaining Balance paid emi 20 months per month RS.375/- how to pass on jv
Q:Purchase cell phone Rs.9000 and down payment Rs.1500 and remaining Balance paid emi 20 months per month RS.375/- how to pass on jv
29 November 2014
first pass the entry for purchase
Dr: Mobile ( Fixed asset) Rs.9000
Cr:Bank/cash Rs.1500
Cr:Loan Rs.7500
Every month loan payment
Dr:Loan a/c Rs.375
Cr: Cash/Bank Rs.375
Dr: Mobile ( Fixed asset) Rs.9000
Cr:Bank/cash Rs.1500
Cr:Loan Rs.7500
Every month loan payment
Dr:Loan a/c Rs.375
Cr: Cash/Bank Rs.375
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