Accounting entries

Dear all,

 

            In our company purchased the One computer throught cash mode paid by the one of our Director amt is Rs.25220. Can i issue the cheque for the same amt to the director???????? is it possible which entry need to be pass????????

 

Regards,

Vijay

Replies (1)

Hi,

i) Fixed Asset A/c...Dr           

     To Director's Loan A/c                                 

ii) Director's Loan A/c Dr....

       To Bank A/c

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