Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

ABC company bought a car by amount of 80,000 (instalment) 3 years Value in cash = 65,0000 Car value in fix assets list? Necessary journal voucher

?What the IFRS says

Assets Recovery Banking & Finance
user-image
Question added by Mohammed Ibrahim Yousif , مدير مالي , باك كير
Date Posted: 2018/11/22
Upvote (1) Views (24) Followers (10) Answers (4) Report Question
Write an Answer
Register now or log in to answer.
Muhammad Tahir Shaheen
by Muhammad Tahir Shaheen , Senior Manager Finance & Taxation , SIX-B FOOD INDUSTRIES (PVT.) LIMITED

Value of Car will be Cash Price of the Car. Rest of the amount is financial Cost

Rizwan Arshad
by Rizwan Arshad , Assistant , MTM LTD

CAR           80000

                    CASH     65000

                   DISCOUNT  15000

AHMED ABD ELAZIM MOHAMED GOMAA
by AHMED ABD ELAZIM MOHAMED GOMAA , مراجع مالي , شركة الاندلس الخضراء - شركة ذات مسئولية محدودة

Car  80,000

                   Cr Cash                    65,000

                   Cr Discount Received 15,000

Babar Liaqat
by Babar Liaqat , SENIOR ACCOUNTANT , Prime Gulf Manpower Recruitment

Dr Car  80,000

                   Cr Cash                    65,000

                   Cr Discount Received 15,000

Write Your Answer
More Questions Like This