Question

Bought Machinery From Ashok On Credit ? Here Who Is Credited And Who Is Debited ? Plz Answer Me.❤​

Answer 1

Hiii mate

Here's ur answer ⬇️⬇️⬇️

Machinery A/C Dr............

To Ashok A/C. ..............

(Purchased machinery from Ashok on credit)

Here, Ashok is credited bcz he is the giver and credited according to the rule "debit the receiver and credit the giver ".

Machinery is debited because it is an asset and credited according to the rule "debit what comes in and credit what goes out ".

Hope it helps uh

Thnq

Keep asking ✔✔✔

Answer 2

Answer:

Explanation:

Machinery a/c dr....to Ashok a/c

Here, since we r giving the money, cash becomes credit and machinery comes in so it becomes debit.

Thanks.