Rohit has the following transaction commenced business with cash 150000 purchased machinery on credit
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Answered by
1
Answer:
1. cash A/c. Dr. 150000
To Capital A/c. 150000
2. Machinery A/c. Dr. ₹
To (XYZ) A/c. ₹
DEBIT what comes inn and CREDIT what goes out.
Cash is coming into business so it will become capital.
In place of XYZ you have to write the name of a person from whom you have bought machinery or company's name
hope this will help you ...
Answered by
2
Answer:
Cash A/c Dr. 150000
To Capital A/c 150000
Machine A/c Dr.
To Vendor A/c
Explanation:
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