{"version":"1.0","provider_name":"The Training Place of Excellence","provider_url":"https:\/\/www.thetrainingplace.org\/blog","author_name":"ttpAdmin","author_url":"https:\/\/www.thetrainingplace.org\/blog\/author\/ttpadmin\/","title":"A BASIC TEST ON DOUBLE ENTRY : PART 2 - The Training Place Blog","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"gnwA4WIvBn\"><a href=\"https:\/\/www.thetrainingplace.org\/blog\/2016\/07\/a-basic-test-on-double-entry-part-2\/\">A BASIC TEST ON DOUBLE ENTRY : PART 2<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/www.thetrainingplace.org\/blog\/2016\/07\/a-basic-test-on-double-entry-part-2\/embed\/#?secret=gnwA4WIvBn\" width=\"600\" height=\"338\" title=\"&#8220;A BASIC TEST ON DOUBLE ENTRY : PART 2&#8221; &#8212; The Training Place of Excellence\" data-secret=\"gnwA4WIvBn\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script>\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n\/\/# sourceURL=https:\/\/www.thetrainingplace.org\/blog\/wp-includes\/js\/wp-embed.min.js\n<\/script>\n","description":"Scenario: Talat Ltd has just bought a machine for \u00a317,000 net for company use and paid VAT on the purchase and the total amount will be paid next month. What will be the double entry posting for this? Double entry posting: DR: Machine account&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; \u00a317,000 DR: VAT account&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\u00a33,400 CR: PLCA&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\u00a320,400 Reason: The ... Read More","thumbnail_url":"https:\/\/blogger.googleusercontent.com\/img\/b\/R29vZ2xl\/AVvXsEjw840rEU7mACwhy_8pj25g_yw5g2u7Vw3sjPLLPmXpqY2EFwPmQySZJWuyOdA6B2xeE_nD4Ha-uXV5jHCmZ8I-esw3X3TVBxfmcLi2jEBMOiBE4zDcMTigH_zLSNngU7v9WuZDhclelGo\/s320\/image+39.jpg"}