Question

What is the journal entry for purchased plant from mukhesh for rs 5000 and paid 100 as cartage and another 200 as installation charges?

Answer 1

Journal entry is that

Plant A/c Dr. 5000

Cartage exp.A/c Dr. 100

Installation charges A/c Dr. 200

To Cash A/c. 5300

( being plant purchased with paid cartages and installation charges)

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