purchase an old machinery for RS.20000 and spent Rs. 2500 on it's immediate repairs
Answers
Total amount spent on machine:
Explanation:
Given:
Amount on machine = 20,000
Repair on machine = 2,500
Total amount spend on machine = 20,000 + 2,500
Total amount spend on machine = 22,500
Books of (-----Limited)
Journal entry
Date Account Title and Explanation Debit Credit
Machine A/c Dr. 22,500
To cash/bank A/c 22,500
(Being machine cost 22,500 purchased)
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Answer:
here is ur answer
Explanation:
machinery a/c. Dr. 20,000
repairing a/c. Dr. 2,500
to cash/bank a/c. 22,500
(being machinery will be purchased)