Question

Machinery a/c 1,20,000 to capital a/c and machinary a/c 50000 to bank a/c 48000 to discount earned a/c 2000. Post these all to ledger account of machinery account.​

Answer 1

Answer:

Machinery account

dr. amt. cr. amt.

To capital. 120000

To bank. 48000

To discount

received. 2000. balance c/d 170000

total. 170000. total. 170000