Question

Purchase a machin from suresh 2000000 nd cartage paid 250 what will be the journal entry

Answer 1

Purchase price of Machine will be = 2000000+250=2000250..(all expenses related to the acquisition of the asset form part of price)

so this transaction affects two accounts ... Furniture a/c is an asset...and All assets and Liabilities come under Real account)
Suresh is the giver (purchased from him)

we know that...

Real account - Debit what comes in, credit what goes out..

Personal account - Debit the receiver ,credit the giver

so.... The Journal Entry will be..

Furniture a/c Dr. 2000250

To Suresh a/c. 2000250

(being furniture purchased rom Suresh )