Question

Q: Machinery purchased from Umar Son's and cash paid Rs. 500,000.
11/€
A Debit Asset a/c Rs. 500,000 Credit Cash a/c Rs. 500,000
B Debit Machinery alc Rs. 500.000 Credit Cash alc Rs. 500 000
C Debit Purchase a/c Rs. 500,000 Credit Cash a/c Rs. 500.000
D Debit Cash a/c Rs. 500.000 Credit Machinery at Rs 500 000​

Answer 1

Answer:

☞Industry refers to an economic activity that mainly deals with the production of goods like iron and steel industry, extraction of minerals like coal mining industry and the provision of services like tourism industry.