Purchase computer for Rs 25000 against cheque and donated.journal entry .plzzzz.. give ans
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Answer:part1) For purchase of computer through cheque : two accounts are involved 1.) computer (i.e asset a/c) 2.)Bank a/c.
The journal entry is:-
Computer a/c Dr.
To Bank a/c
Part 2)For donation of computer ,the accounts involved are:1.) Computer 2.) donation
The journal entry is:-
Donation a/c Dr.
To computer a/c(asset)
Explanation:
Part 1) since computer is an asset (real a/c),increase in asset is debited.And Bank being a personal a/c,credit the giver i.e. Bank
Part 2) computer on being donated results in decrease of asset being real a/c( credit what goes out).And donation being an expense i.e. nominal a/c(debit all expenses and losses).
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Donation
To bank
donation to bank hoyga, chaap lo explain nahi karna mereko
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