journal entry related
This query is : Resolved
14 July 2010
one company was buy a car value at Rs.1179527,loan amount is Rs.900000,road tax Rs.176930,initial amount paid to car angency Rs.279527,how to pass the journal entry please give me a valuable answer
14 July 2010
1 CAR DEALER ACCOUNT DR. 900000
TO LOAN FROM FINANCER 900000
2 CAR A/C DR 1179527
TO CAR DEALER A/C 1179527
3. CAR DEALER A/C DR. 279527
TO BANK A/C 279527
4 CAR A/C DR 176930+INSURANCE
TO BANK A/C 176930+INSURANCE
bEING PAID FOR REGISTRATION AND INSUARNCE
TOTAL VALUE OF THE CAR WILL BE (1179527+176930+INSURANCE)
TO LOAN FROM FINANCER 900000
2 CAR A/C DR 1179527
TO CAR DEALER A/C 1179527
3. CAR DEALER A/C DR. 279527
TO BANK A/C 279527
4 CAR A/C DR 176930+INSURANCE
TO BANK A/C 176930+INSURANCE
bEING PAID FOR REGISTRATION AND INSUARNCE
TOTAL VALUE OF THE CAR WILL BE (1179527+176930+INSURANCE)
14 July 2010
The Journal entries are :
1)Car A/c Dr 11,79,527
to Suppliers a/c 11,79,527
2) Suppliers a/c Dr 2,79,527
to Bank a/c 2,79,527 ( for advance)
3) Bank a/c Dr 9,00,000
to Secured loan a/c 9,00,000
4) Supplier a/c Dr 9,00,000
to Bank a/c 9,00,000
5) Car A/c Dr 1,76,930
to Cash/Bank 1,76,930 ( for Road tax)
1)Car A/c Dr 11,79,527
to Suppliers a/c 11,79,527
2) Suppliers a/c Dr 2,79,527
to Bank a/c 2,79,527 ( for advance)
3) Bank a/c Dr 9,00,000
to Secured loan a/c 9,00,000
4) Supplier a/c Dr 9,00,000
to Bank a/c 9,00,000
5) Car A/c Dr 1,76,930
to Cash/Bank 1,76,930 ( for Road tax)
15 July 2010
Car A/c Dr. 1356457
__To Loan (for Car) A/c 900000
__TO Octroi Payables A/c* 176930
__TO Bank A/c 279527
*Assumed Octroi is not yet paid , if already paid credit bank account
__To Loan (for Car) A/c 900000
__TO Octroi Payables A/c* 176930
__TO Bank A/c 279527
*Assumed Octroi is not yet paid , if already paid credit bank account
20 July 2010
THANKS YOU GIVING ANSWER
20 July 2010
Thanks to u also! dear!
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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Last year TDS Claim
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- REGARDING GST LIABILITY/....
- Taxation on LTCG for property sold after 24JUL2024
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Free lancer income
- Long Term Service award taxability in hands of company
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
