Question

8.51
Transactions Relating to Fixed Assets
9. Pass necessary Journal entries for the following
transactions:
2020
April
1 Paid repairing charges on existing machineries.......
April
2 Purchased a new machinery..
April
3 Paid freight and carriage on machinery
April
4 Paid installation charges on machinery
April
5 Purchased a second-hand machinery
April
6 Paid repairing charges on above machinery.
₹
1,000
42,500
2,500
5,000
18,000
2,500​

Answer 1

Answer:

particular dr. cr.

Repair a/c...dr. 1000

to machinery a/c. 1000

machinery a/c... dr. 42500.

to cash a/c. 42500

freight a/c .....dr. 2500

to machinery a/c. 2500

installation charges a/c...dr. 5000

to machinery a/c. 5000

purchases a/c....dr. 18000

to machine a/c 18000

repairing charges a/c....dr. 2500

to machinery a/c. 2500

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