Question

Paid by cjeque on account of machinery rupee 80000 furniture20000

Answer 1

Journal Entry :

Machinery A/C    Dr     Rs.80,000

Furniture A/C      Dr     Rs.20,000

      To Bank A/C         Rs.1,00,000

(being machinery and furniture purchased and payment made through cheque)

Explanation :

Machinery and Furniture are assets. Hence, debited.

Bank Balance is reducing. Hence, credited.

Answer 2

Hey mate ✌️✌️


Journal Entry ⏬⏬⏬⏬


☑️Machinery A/c........................Dr.....8000
.........To cash A/c...8000


☑️ Furniture A/c.....................Dr...2000
...........To cash A/c.....2000


✨ Hope this helps you ✨