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A machinery item puchase form M/s. XYZ for the cost of
Rs.2,00,000/- with freight charges Rs.20,000/- and
installation charges Rs.10,000/- what is the journal entry
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Answer / acp
By Machinery a/c dr. Rs.2,30,000/-
To M/s. XYZ Cr. Rs.2,30,000/-
(all the extra exp. i.e. freight & installation charges
added in machinery items rate then the value of machinery
item and capitalised)
| Is This Answer Correct ? | 51 Yes | 6 No |
Answer / sajay guptha
machinery A/c Dr
freight A/c Dr
installation charges A/c Dr
To XYZ Cr...
| Is This Answer Correct ? | 23 Yes | 22 No |
Answer / kusuma
Machinery A/c DR 210000/-
Freight charges A/c DR 20000/-
To XYZ A/c CR 230000/-
| Is This Answer Correct ? | 0 Yes | 1 No |
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