Accountancy, asked by bhatshriya560, 8 months ago

credit purchase of machinery comes under which voucher

Answers

Answered by GlitteringSparkle

1

Answer:

Purchase of Machinery is addition to Assets (Machinery) and not categorised as "Purchases". This is the reason that purchase of machinery that has been debited to Purchases Account has been subtracted from Purchases Account and has been added to Machinery Account to disclose the correct Machinery Balance...

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