Question

Journal entry for purchase of plant for cash

Answer 1

plant A/C debit

To cash A/C

(purchase of plant on cash)

Answer 2

Plant account

Explanation:

                                 Books of (----Limited)

                                     Journal Entry

Date         Account Title and Explanation       Debit   Credit

               Plant                                    A/c Dr.       xxx

               To Cash                               A/c                          xxx

                           (Being plant purchase from cash)

Note: Plant is an asset for the business and assets purchase account will be debit.

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