Pass journal entries for the following transactions: (i) Purchased machinery from Lohia Ltd of 1,20,000 (ii) Purchased

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Pass journal entries for the following transactions:

(i) Purchased machinery from Lohia Ltd of ₹1,20,000 

(ii) Purchased furniture from Gulab Enterprises of ₹35,000 

(iii) Paid to Lohia Ltd by cheque ₹1,20,000 

(iv) Write off depreciation on machinery ₹3,000

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Financial Accounting

ISBN: 9780071078023

1st Edition

Authors: Dhanesh K. Khatri

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