Question

Plant and machinery purchased from patlu ltd on credit ₹50000 where will be the ledger entry in plant and machinery ledger account

Answer 1

In plant& machinery a/c (ledger)

Dr. cr.

To patlu.50000

In patlu A/c. ( ledger )

Dr. cr.

By Plant & machinery a/c

simple journal entry is -

Plant and machinery a/c Dr. 50000

To patlu ltd. 50000

Answer 2

Answer:will be credited on debit side as - To patlu ltd a/c. 50000

Explanation: