Answer / vijay

Machinery a/c dr 10000
Transportation charges a/c dr 800
To party a/c 10800
( Being machinery purchased)

Answer / jagannadh

machinery a/c........dr 10800 to cash/bank 10800

The 'going concern concept' is the underlying basis for: 1.stating fixed assets at their historical cost 2.disclosing the market value of securities 3.disclosing the sales and other operating information in the income statement 4.none of the above

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