Mutwakil Abdalla Elsiddig

• Apr 1st, 2013

 

Cr Dr
9,000 A/C Purchased equipments
1,500 A/C Cash ( Advanced Payment )
7,500 A/C Suppliers ( treadcreditors )

mohammed zuber ahmed

• Apr 1st, 2013

 

payment due ac dr 868
to purchase made account 867

rahul kadav

• Apr 4th, 2013

 

purchase a/c Dr 9000 $
cash a/c 1500
party a/c 7500

rohit

• Sep 26th, 2013

 

1. sundry creditor a/c dr 1500
cash/bank 1500
2. purchase a/c dr. 9000
To sundry creditor 9000

kishore

• Oct 4th, 2013

 

purchase A/c Dr $ 9000
To Cash A/c $1500
To Vendor A/c $7500

2. out standing payment $375
To Vendor A/c Dr $375

Saravanan T

• Oct 9th, 2013

 

Purchase a/c dr. 9000
To Vendor a/c cr. 7500
To Cash a/c cr. 1500

For next 20 months, this below entry should be passed since making payment in 20 installment’s.

Vendor a/c dr. 375
To Cash a/c cr. 375

Biswajit

• Jan 31st, 2014

 

according to the procedure at first it should be posted in full bill so the entry will be
purchase a/c dr 9500
sundry creditor a/c cr 9500
and
sundry creditor a/c dr 1500
cash a/c cr. 1500 and then each installment entry should be
sundry creditor a/c dr 750
cash a/c cr 750
in each and every installment

Manju Raju

• Dec 2nd, 2014

 

1.Entry
Purchase Account Dr $9000
To Cash/Bank A/c Cr $1500
To Payable A/c Cr $7500
2. Entry
Recurring Entry setup for 20 months every month from 4/1
Payable A/c Dr $375
To Cash/Bank A/c Cr $375

anl

• Oct 25th, 2015

 

Purchase A/C Dr 9k
Cash A/C Cr 1.5 k
Vendor A/C Cr 7.5 k

and

Vendor A/C Dr 375
Cash A/C Cr 375
If installment paid.

Parvatha

• May 25th, 2016

 

Purchase a/c Dr . 9K
Vendor a/c Cr. 9k
Vendor a/c Dr. 1.5k
Cash/bank a/c Cr.1.5 k
& mnthly
Vendor a/c Dr. 375
Cash/bank a/c Dr.375

suban

• May 31st, 2016

 

Purchase a/c Dr 9k
vendor a/c cr 9k

Pintal Chauhan

• Jul 23rd, 2016

 

Purchase A/c dr. 9000
To Cash & bank A/c cr. 1500
To Accounts Payable A/c cr. 7500

Sagar Nayak

• Nov 1st, 2016

 

1st entry made : Purchase A.c Dr Rs. 9000
To Bank/Cash Cr. Rs. 1500
To Accounts Payable Cr. Rs 7500
According to your question amount the total month to be paid may be 20 months (7500/20= Rs. 375)
So on 4/1/2016 entry made : Accounts Payable A/c Dr Rs. 7500
To Bank/Cash A/c Cr Rs. 375
To Accounts Payable A/c Cr Rs. 7125
So the next entry on 4/2/2016: Accounts Payable A/c Dr Rs. 7125
To Bank/Cash A/c Cr Rs. 375
To Accounts Payable A/c Cr Rs. 6750
So the entry going on up to the balance is became Zero.

Yogeesha

• Jul 21st, 2017

 

When Purchase the Equipment.
Asset Account Dr 9000
To Bank A/C 1500
To Supplier A/c 7500
When making balance payment
Supplier A/c Dr 375
To Bank Account 375

Imran Ahmad

• Aug 24th, 2017

 

Equipement A/C Dr 9000
To cash A/C 1500
To S.Creditor A/C 7500
(Being equipement purchased and paid rs 1500 and rest in his A/C.)