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Debit fixed asset
debit interest expense
Credit cash /bank
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What is the Journal entry to purchase of an asset?
debit assetscredit cash / bank
Journal entry of credit purchase of asset?
Debit assetsCredit accounts payable
What is the journal entry for purchase of an asset?
[Debit] Asset Account xxxx [Credit] Cash / bank account xxxx
What is the Journal entry for purchase of asset by advance payment?
Debit advance payment for assetCredit cash / bank
What is the difference between purchase voucher and journal voucher?
if we purchase assets on credit then we will pass its entry in journal voucher n if we buy anything other then asset related to our business then we will go for purchase voucher..........
What is the Journal entry to purchase of an asset?
debit assetscredit cash / bank
Journal entry of credit purchase of asset?
Debit assetsCredit accounts payable
What is the journal entry for purchase of an asset?
[Debit] Asset Account xxxx [Credit] Cash / bank account xxxx
Journal entry for new car purchase?
[Debit] Car Asset [Credit] Cash / bank
What is the Journal entry for purchase of asset by advance payment?
Debit advance payment for assetCredit cash / bank
What are the journal entry for asset revaluation?
debit asset and credit asset revaluation
What is the difference between purchase voucher and journal voucher?
if we purchase assets on credit then we will pass its entry in journal voucher n if we buy anything other then asset related to our business then we will go for purchase voucher..........
What is the journal entry for bond purchase with accrued interest?
Debit bondsDebit interest accruedCredit cash / bank
What is the journal entry if asset appreciates?
Debit Asset accountCredit retained earnings
What is the journal entry for donating fixed asset?
debit donationcredit fixed asset
What is the Journal entry move land out of current assets?
Land is not a current asset and if recorded as current asset then no entry required to re-classify as fixed asset.
Journal entry to write off an asset?
debit accumulated depreciationcredit asset
