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 / a.palani raja
Machnery A/c Dr 50,000/-
Printer A/c Dr 3,000/-
To. Discount Received A/c Cr 3000/-
To. Cash A/c Cr 50,000/-
Being Purchase of New Machnery and Received the free
Printer
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