Doubt accounting entry (1)

For purchase of BB entry will be as follows:

blackberry Dr                  1600000

To- Bank                                              96000

To- Bank Loan                                    70000

For Transfer of BB to Director

Bank A/c Dr                   85000

To-BB                                                 85000

Loss on- BB A/c           51000

To- BB                                                51000

Loss on BB is considered after providing for deprn @ 15%  on cost                             

Originally posted by : Giridhar S Karandikar
	For purchase of BB entry will be as follows: blackberry Dr                  1600000 To- Bank                                              96000 To- Bank Loan                                    70000   For Transfer of BB to Director Bank A/c Dr                   85000 To-BB                                                 85000 Loss on- BB A/c           51000 To- BB                                                51000 Loss on BB is considered after providing for deprn @ 15%  on cost

Kindly provide the accumulated depression

Originally posted by : Giridhar S Karandikar
	For purchase of BB entry will be as follows: blackberry Dr                  1600000 To- Bank                                              96000 To- Bank Loan                                    70000   For Transfer of BB to Director Bank A/c Dr                   85000 To-BB                                                 85000 Loss on- BB A/c           51000 To- BB                                                51000 Loss on BB is considered after providing for deprn @ 15%  on cost

i didnt understand the 1st entry of purchase please elaborate

i am little weak in a/c's

Mr. Giridhar, please tell me how you have calculated the bank loan as Rs.70000 in 1st entry ?

blacberry a/c             dr                160000

   To  bank                                                        96000

   To bank loan                                                 64000

bank  a/c                       dr                                      85000                        ( dep=160000*15%=24000)

loss on sale A/c          dr                                      51000

         To bb a/c                                                                136000

hi all according to me dep. should be charged for 209 days as BB sold on 25.11.12 not of full year @ 15%.

and in all entries where you have charged the dep. in books???

hello sanjeev, there is % of dep given As 15% not written as 15%p.a so no need to calculate days caculation