Accountancy, asked by ramji1632, 7 months ago

Purchase of machinery on credit means - ?

Answers

Answered by sabinamin14
0

Answer:

Machinery purchased on credit gives affect two accounts i.e. Machinery and the supplier. Following the rule of real account (Machinery) and personal account (Creditors), accounting entry will be as under: Machinery A/c Dr. To Creditors.

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