Expenses a/c entry posting

You are purchasing an asset.

The benefit of the same you are going to get for a longer duration.

 In future also You will purchase many equipments,so give each equipment a separate name.

-Pass the following entry-

Coffee Equipment A/c Dr.

To Party/Bank A/c

Tha above entry is absolutely correct....I agree.

MANY THANKS  GUYS FOR YOUR RESPONDS! \

HOW ABT THE VISA TO DEPOSIT CHARGE (AMOUNT 40) WHICH EXPENSES ACCOUNT IT WIL BE DEPOSIT? 

if cofee machine is fixed asset what will be the rate of depreciation on it?

mohomad wht do u mean by visa to deposit charge??pls explain it.

hi friend

i want to ask only one think, if i purchase coffee machine and my business is not coffee business then i can chages depreciation on it. how?

as per  AS-6.

Regrads

Ankur Agrawal

Coffee Machine A/c ... Dr

to BANK A/C

As simple as that

You are purchasing an asset.

The benefit of the same you are going to get for a longer duration.

 In future also You will purchase many equipments,so give each equipment a separate name.

-Pass the following entry-

Coffee Equipment A/c Dr.

To Party/Bank A/c