Question

bought machinery on credit from amboli industries​

Answer 1

Answer:

Explanation:

Machinery A/c Dr

  To Amboli Industries

Answer 2

Journal entry

Explanation:

                                  Books of (----Limited)

                                      Journal Entry

Date         Account Title and Explanation       Debit   Credit

               Machine                               A/c Dr.     xxx

                To Amboli industries         A/c                         xxx

                 (Being machine purchase from Amboli industries)

Note: Machine account will be debited because machine comes into the business.

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