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    riyajain's Avatar
    riyajain Posts: 2, Reputation: 1
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    #1

    Oct 15, 2013, 08:02 AM
    Accounting
    Purchased machinery costing rs. 50000 on cash from x ltd. And paid rs. 1000 as transport charges and rs. 500 as erection charge. What will be the journal entry of it ?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Oct 21, 2013, 01:50 PM
    Debit Machinery for 51,500 and credit Cash for the same amount
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