Accountancy, asked by mamtabansal, 1 year ago

panchratan processes purchase machinery at the cost of 460000 on 1st January 2017 and incurred 40,000 expenses on its purchase and installation​

Answers

Answered by manoharsetty
0

Answer:

machinery a/c Dr 5,00,000

to cash a/c 5,00,000

Explanation:

any installation charges, cartage and transport of machinery to be considered as Machinery value during purchase.

Answered by hafeesibnuazeez
1

Answer: so total cost of fixed will be 500000

Journal entry will fixed asset debited and bank or cash or account payable creditor credited

Explanation:

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