Question

journal entry for
purchased machinery Rs.30000 in exchange of furniture Rs.15000 by cheque and balance by cash​

Answer 1

Answer:

15000

Explanation:

30000-15000 = 15000

Answer 2

Machinery A/c                                         Dr. 30,000                                                              

  To Furniture A/c                                                 15,000

  To Cash A/c                                                      15,000

{Being machinery purchased in exchange of asset and balance amount of machinery

paid in cash}

Explanation: Machine and furniture are assets and assets generally have debit balance. when you purchased machinery your asset balance increases so asset account has to be debited and furniture is sold then asset went out of the business hence here the asset account that is the furniture account is credited and so does the cash account