Question

For Commerce Student

Machine purchase what's the entry??????​

Answer 1

Answer:

Machinery account debit

Cash/bank account credit

Explanation:

Both are real accounts.

Answer 2

Answer:

If it is cash/ cheque purchase then the entry will be

Machinery a/c. Dr

To cash/bank a/c

If it is purchase on credit then the entry will be.

Machinery a/c Dr

To Supplier (seller) a/c