Bought 1 delivery van for rs 300000 from Delhi Motor co. Payment to be made by monthly instalments of rs 20000 each together with interest at 18%, 1st instalment made by cheque. Pass journal entries
Answers
Answered by
8
I hope it helps you
follow my brainly a/c for future needs........
follow my brainly a/c for future needs........
Attachments:
krantimisal:
Are you sure about ths
1st installment paid with interest
hi made separate entry for installment and interest paid
Answered by
0
Answer:
motor van A/c dr 300000
to delhi motors co. 300000
delhi motor co. dr 20000
to bank a/c 20000
Explanation:
motor van dr 300000 bcz we did the purchase on credit
and then delhi motor co. debit by 20000 because it includes the interest @ 18%
Similar questions