Vichal took over mach @ 280000 FOR CASH. WHAT will be the entry for this in realisation account. In realisation account will this be under CASH A/C or VICHAL'S CAP A/C ?

Dear Student,

Since Vishal took over the machinery for Cash ; so Realisation account would be credited by Cash A/c only & not by Vishal's Capital A/c

Hope this clears your doubt.

Keep Posting !!!

Regards,

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Under cash a/c
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