Question

Purchase machinery 50000 and paid carriage thereon 500

Answer 1

Machinery A/C. Dr. Rs.50,500

To Cash A/C or Bank A/C. Rs.50,500

(Being machinery purchased and carriage expenses incurred on it)

Note : Carriage expenses should be capitalised along with the cost of the machinery.

Answer 2

Heya mate ✌️✌️

Journal Entry ⏬⏬⏬


Machinery A/c............................Dr..50500
..........To cash A/c