Journal Entry Question:
Cash Purchase of Vehicle

Q: Record the journal entry for the following transaction:


Purchased a car for $2,000 in cash.


Return to our main tutorial Journal Entry for Asset Purchase

Comments for Journal Entry Question:
Cash Purchase of Vehicle

Click here to add your own comments

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...

Click here to add your own comments

Return to Ask a Question About This Lesson!.









© Copyright 2009-2020 Michael Celender. All Rights Reserved. 
Click here for Privacy Policy.