Question

Paid Freight on machine purchased rupee 300 journalise the transaction

Answer 1

Answer:

Machine A/c. dr (cost of machine+ freight )

to cash A/c

(being machine purchased and cash paid incl. of freight)

Explanation:

when an asset is purchased, any expenses relevant to or occured for reason of asset purchased, that expense need to be added or charged to that corresponding asset only. (only if occurred at the time of purchase ).