Answer Posted / ravindra

if i had purchased a machinery worth of RS 50000
the journal entry for this is machinery is an asset
and forthis rule of real account applies
RULE - "DEBIT WHAT COMES IN CREDIT WHAT GOES OUT
ENTRY - MACHINERY A/C dr 50000
to cash 50000
[being machinery purchased with cash]
conclusion - here for purchasing machinery worth of RS
50000 he received printer worth of RS 3000 as printer is
also asset printer is comming in and nothing is going out]

Hello Frd's This is Mohd NaseerUddin. Is Anyone can help me out to findout a Accounting Peachtree 7.2 note's aswel as Focus notes also Plsssssss helpme out to find it. My E-mail id is mohd_naseeruddin43@yahoo.com

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