Question

good of rupee 18000 purchased for cash​

Answer 1

Answer:

cycle

Step-by-step explanation:

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Answer 2

) cash account dr. 70000

to capital account 70000

(been cash invested)

2) purchases account dr. 18000

to supplier 18000

(being goods purchased on credit)

3) creditors dr.17500

to cash account 17500

(being cash paid to creditors)

4) machinery account dr. 20000

to cash account 20000

(being machinery purchased on cash)

5) Depreciation account dr 2000

to machinery account 2000

(being depreciation charged on machinery)