Question

Make necessary journal entries of the following:-
a. Machinery purchased 1,30,000.
b. Machinery sold, costing * 30,000 at cost price.
C. Machinery again purchased on cash for 60,000.
d. Value of machinery reduced by 16,000 (due to depreciation).​

Answer 1

Answer:

a.machinery a/c dr. 130000

to cash a/c 130000

b. machinery a/c dr. 30000

to sales a/c 30000

c. purchase a/c dr. 60000

to cash a/c 60000

d. depreciation a/c dr. 16000

to depreciation machinery a/c 16000

236000 236000

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