Question

Machinery purchased 1,00,000 and installation charges paid 10,000.

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Answer 1

Answer:

Machinery A/C. Dr. 110000

To Cash a/c 110000

Explanation:

All expenses relating to purchase of assets are included in the same asset account.

Answer 2

Answer:

machinery a/c dr 1,00,000

installation charges a/c dr 10,000

to cash a/c 1,10,000 cr.