Question

purchase machinery ​

Answer 1

Answer:

machinery a/c dr.

To cash a/c

Explanation:

Because machinery is purchased in cash and no other information is given.

Answer 2

Purchase of Machinery. This transaction will give affect in two accounts i.e. Machinery Account and cash Account.

Hence there will be no affect in total assets as Machinery will increase and cash will decrease.

Yes, there will be a change in fixed assets and current assets. But total assets will remain unchanged.