UPSSSC Auditor Practice Questions - UPSSSC Auditor Recruitment Exam

Under the double-entry system, a purchase of machinery on credit from a vendor should be recorded by:

Debiting Cash Account and Crediting Machinery Account Debiting Machinery Account and Crediting Creditor/Vendor Account Debiting Purchases Account and Crediting Vendor Account Debiting Vendor Account and Crediting Machinery Account

Correct Answer:

Debiting Machinery Account and Crediting Creditor/Vendor Account

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