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This query is : Resolved
Amol S Joglekar
(Expert)
08 June 2015
It should be capitalised if it is at the time of purchase of the machinery.
Debit Machinery Account
Credit Supplier's account (If it is on credit) Or
Credit bank account (If it is paid through bank OR
Credit Cash (If it is paid through cash)
Debit Machinery Account
Credit Supplier's account (If it is on credit) Or
Credit bank account (If it is paid through bank OR
Credit Cash (If it is paid through cash)
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