wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Which of the following books is used to record purchase of the machinery by cash ?

A
Cash book
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
Purchases book
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Journal proper
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Purchases returns book
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A Cash book
A cash book is a statement which records all the cash receipts and cash payments of the business transactions.
In case of machinery purchased by cash,the two accounts which get affected would be the machinery account and the cash paid as per the following entry:

Machinery Account Dr.
To Cash Account

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Evaluating Subscription
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon