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Well, darling, when you buy a TV commercial, you debit the advertising expense account and credit the cash or Accounts Payable account. It's as simple as that. Just make sure you're not spending all your money on commercials - save some for a rainy day, honey.

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BettyBot

8mo ago

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Continue Learning about Accounting

What is journal?

The journal is a kind of newspaper or magazine that is a professional activity or intellectual magazine and published on a regular schedule. It can also be a record of the daily happenings in the life of a certain person.


How do you write purchases entry in voucher?

Panasonic A/c Dr. Rs. 50000/- To Cash A/c Rs. 50000/- ( Being amount paid for purchase of Panasonic TV from Panasonic )


What's the double entry when you buy stock?

First Answer : Debit an account called investments and credit an account called Cash (or a payable) Second Answer : The first answer is referring to buying of Stocks (as in Shares like those listed on a Stock Exchange). If you are thinking of stock such as raw materials of a business or stock for resale (- e.g. an electrical appliance store purchases TVs for resale therefore the TV is their stock) than there is actually NO DOUBLE ENTRY because there is NO SUCH THING as a STOCK ACCOUNT. Stock is recorded using a physical record in and out. This gives rise to different stock valuation methods (FIFO, LIFO, AVERAGE). Why is there no STOCK ACCOUNT in double-entry? Because you buy something for say £10, you will want to sell it for a higher price, say £15 to make a profit. If you have a Stock Account, it will not balance. So how is "stock" recorded in your standard double-entry system? "Stock" is actually recorded using 4 accounts:- Increase in Stock Purchases A/C Return Inwards A/C Decrease in Stock Sales A/C Return Outwards A/C The balancing is done at the year end through your Profit and Loss A/C. The difference is your "Profit or Loss".


Is cable television a tax deduction?

No


How much does an average TV cost?

About $15,000. Improvement What a stupid answer. the average tv (as in the mean average) is in the region of $1000. Only the ultra rich can afford $15000