Solution :- JOURNAL S No Particulars L F Debit Credit 1) Machinery A/c Dr 10,00,000 To Evergreen Ltd A/c 10,00,000 (Being the Machinery purchased from Evergreen Ltd ) 2) Evergreen Ltd A/c Dr 10,00,000 To Bank A/c 2,00,000 To 10% Debentures A/c (3,000 x 100) 3,00,000 To Bills Payable A/c 5,00,000 (Being Payment made of Rs 5,00,000 and for the balance amount, bill is drawn )

Can u ans this

Solution :-

JOURNAL

S.No.	Particulars	L.F	Debit	Credit
1)	Machinery A/c Dr.		10,00,000
	To Evergreen Ltd. A/c			10,00,000
	(Being the Machinery purchased from Evergreen Ltd.)

2)	Evergreen Ltd. A/c Dr.		10,00,000
	To Bank A/c			2,00,000
	To 10% Debentures A/c (3,000 x 100)			3,00,000
	To Bills Payable A/c			5,00,000
	(Being Payment made of Rs.5,00,000 and for the balance amount, bill is drawn.)

View Full Answer