machine purchased for cash journal entry
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Answer:
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Explanation:
Accounts involved, i.e., Furniture account and cash account. Both the accounts are Real in nature. According to the rule of Real Account, ( Debit what comes in, Credit what goes out ). Furniture is coming into the business, therefore, it will be debited and as cash is going out of the business, it will be credited
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Answer:
machinery ac debit and cash ac credit
Explanation:
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