[Debit] Asset Account xxxx [Credit] Cash / bank account xxxx
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..........
debit assetscredit cash / bank
debit asset credit bank
[Debit] Depreciation account [Credit] Asset account
[Debit] Asset Account xxxx [Credit] Cash / bank account xxxx
[Debit] Car Asset [Credit] Cash / bank
debit asset and credit asset revaluation
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..........
Debit Asset a/c if asset a/c is bought and credit Cash a/c OR if these are sundry supplies debit that head and credit cash acct
debit assetscredit cash / bank
debit asset credit bank
[Debit] Depreciation account [Credit] Asset account
Drawings A/c (debit) TO Asset A/c (credit)
[Debit] Purchase Return [Credit] Purchases
[Debit] Machinery Asset [Credit] Cash Account
When business is started without cash then may be owner invested some kind of asset in business journal entry is as follows: [Debit] asset in kind [Credit] Owner's Equity