Journal Entry Question :
Cash Purchase of Asset

Q: Record the journal entry for the following transaction:


Purchase a car for $2,000 in cash

Comments for Journal Entry Question :
Cash Purchase of Asset

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On BK
by: Zafar

What is the entry of Goods Distributed as free Sample?

A: http://www.accounting-basics-for-students.com/-accounting-entry-for-giving-away-a-free-sample-.html (editor)

jounral entry
by: Balaji K Patil

car a/c 2000 Dr

to cash a/c 2000 Cr

journal entry
by: Anonymous

Dr Car (non current asset)
Cr cash (current asset)

About Transaction
by: Harish

Car A/c...... Dr 2000
To Cash A/c 2000

purchase a car
by: kate

....hmmm let me recall my acctg subject...debit car in asset column, and credit cash in asset column also...

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