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If I purchased a machinary of Rs. 50,000 and Received a
free printer of Rs. 3000 . What its Accounting entry?
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Answer Posted / ashish garg
if printer is the part of machinery then entry would be
Machinery A/c dr 50000.00
To cash a/c 50000.00
because we are paying only 50000.00 for machinery
(Being machinery purchased)
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