Purchased dell laptop for 45000 for use of sales gm
Answers
Answered by
2
Purchased DellLaptop worth 45000 for the purpose of Sales...
Assets are those which are held in the business for long time ..whereas Goods are held for the purpose of resale..
Normally Laptop will be an asset..but in this question.. Laptop is intended for resale..so it is a good..
This transaction affects two accounts...
purchases a/c and cash a/c
The Journal Entry will be
Purchases a/c Dr 45000
To cash 45000
(Being Goods Purchased)
Assets are those which are held in the business for long time ..whereas Goods are held for the purpose of resale..
Normally Laptop will be an asset..but in this question.. Laptop is intended for resale..so it is a good..
This transaction affects two accounts...
purchases a/c and cash a/c
The Journal Entry will be
Purchases a/c Dr 45000
To cash 45000
(Being Goods Purchased)
Answered by
0
Explanation:
congratulations for purchase
Similar questions