paid rs 60.000 cash on the purchase of equipment costing
80.000 the remaining amount payable with interest rate of 9%.
what is the journal enry
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Answer Posted / sumit bhatia
debit whats comes in
Equipment A/C debit 80000
Debit all the loses and expenses
Interest A/C Debit 1800
Credit Whats Goes Out
Cash 81800
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