Question

pass journal entries for the following transaction: -
1. paid repairing charges on existing machineries.....₹1000
2. purchased a new machinery....₹42,500.
3. paid freight and carriage on machinery....₹2500.
4. paid installation charges on machinery......₹5000.
5. purchased a second hand machinery......₹18000
6. paid repairing charges on above machinery....₹2500.​

Answer 1

Answer:

1) repairing charges a/c 1000

to machinery a/c 1000

2)machinery a/c dr. 42500

to cash a/c

3) freight and carriage dr. 25000

to cash a/c

4)installing charges a/c. 5000

to cash a/c. 5000