Bought Office Furniture Journal Entry

3 Purchase To Vijay Ac By Purchase Ac To Tread Discount Ac - 2100 - 2000 - 100 Being Bought.

Bought office furniture journal entry. Sold goods of 10000 plus CGST and SGST 6 each to Mahendra Received cheque from Mahendra for the amount due Sold goods of 5000 plus CGST and SGST 6 each to Ramesh Co. Since assets decrease on the opposite side the. Suppose for example the business buys goods on credit for the amount of 4000 then the journal entries will be as follows.

If the purchased furniture is for resale the proper entry regardless of the amount is. Furniture Amount of Purchase 1011 Dr. Paid salaries to staff Rs.

The accounting records will show the following purchased supplies on account journal entry. Bought office furniture of 5000 plus CGST and SGST 6 each from Banerjee Bros. SOME POSSIBLE GENERAL JOURNAL ENTRIES 1.

Bought a machine on credit. Accounts Payable Amount of Purchase In Australia. 10000 paid to them Rs3000 and promised to pay the balance after two months.

Solution for Problem No. Rendered services to clients and received cash Rs. Rs1200 and promised to pay balance after one month 8.

The DEBIT amounts will always equal the CREDIT amounts. Pass Journal entry for purchase of goods by Amrit Delhi from Add Gel Pens Delhi for 15000 less Trade Discount 10 and Cash Discount 3 CGST and SGST is levied 6 each. Bought office equipment from BCo.