Question

परचेस्ड ए न्यू मशीनरी​

Answer 1

Answer:

machinery a/c. Dr

to cash / bank a/c

Explanation:

according to 2nd principle,

"debit what comes in and credit what goes out"

here if, machinery is an asset ,it is to be recorded in its own name.

where as if the person purchasing machinery is a dealer of machinery as goods ,in that case it is to be recorded as purchases.