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
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
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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