Our company purchased a photocopy machine for 100.000 TL, excluding 18% VAT, to be used in administrative works. In addition, the assembly cost of this machine is 8.000 TL excluding 18% VAT and this amount will be added to the cost price. Our company paid 19.440 TL from the bank account and the remaining amount by issuing a check to the relevant supplier company. Which of the following is the accounting record of this transaction?
Our company purchased a photocopy machine for 100.000 TL, excluding 18% VAT, to be used in administrative works. In addition, the assembly cost of this machine is 8.000 TL excluding 18% VAT and this amount will be added to the cost price. Our company paid 19.440 TL from the bank account and the remaining amount by issuing a check to the relevant supplier company. Which of the following is the accounting record of this transaction?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Our company purchased a photocopy machine for 100.000 TL, excluding 18% VAT, to be used in administrative works. In addition, the assembly cost of this machine is 8.000 TL excluding 18% VAT and this amount will be added to the cost price. Our company paid 19.440 TL from the bank account and the remaining amount by issuing a check to the relevant supplier company. Which of the following is the accounting record of this transaction?
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