Question

purchased plant from Mukesh for rs 15000 and paid rs 100 as cartage for bringing the plant to the factory and another rs 20 as installation charges. What is journal entry

Answer 1

plant and machinery A/c   Dr        15120
             to cash/bank A/c                            15120
( being plant purchased)

Answer 2

Plant and machinery a/c Dr 15120
To cash a/c 15120
(being plant purchased)