The jouranl entry of purchage of fixed assets are assents
a/c dr. to cash/bank account why we not make journal entry
for this is purchage a/c dr. to cash/bank .
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Answer Posted / santosh n
when we do not know the exact name of the asset then we take
it as a purchase account. if know the exact name of the
asset like machinery, plant, furniture then we mention that
name instead of purchases a/c
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