Question

Purchase a machinery worth rd.10,000and payment made by cheque what is the journal entry?

Answer 1

Machinery A/C   Dr   Rs. 10,000

    To Bank  A/C   Rs. 10,000

(being machinery purchased and payment made through cheque)

Answer 2

Machinery A/C Dr. Rs.10000

To Bank A/C Rs.10000

[Being machinery purchased and payment made by cheque]