Accountancy, asked by sukanya15, 1 year ago

purchased machinery rs5000 and paid by the means of bank draft purchased from bank RS 5020 journal entry?

Answers

Answered by mohduzairali16
47
Machinery a/c ----------- Dr 5020
To Bank ------------------------------------5000
To Bank commission------------------------20

sukanya15: Thanks a lot
Answered by JackelineCasarez
2

Machinery A/C      ...dr.          5,020

              To Bank A/c                            5,000

               To Bank charges                          20

Explanation:

  • The journals are the daily transactions written in a systematic manner in the accounting books date wise and serial wise.
  • A properly documented journal entry includes the date of the transaction, the amounts that are debited and credited, details of the transaction, and a specific reference number.
  • As per the details, the purchase of machinery is recorded by debiting the machinery account and crediting the bank account and the bank charges.

Learn more: Journal Entry

brainly.in/question/6674687

Similar questions