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“Machinery sold for Rs. 30,000 on credit.” In which subsidiary book this transaction will be recorded?
  • a)
    Sales Register
  • b)
    Cash Book 
  • c)
    Journal 
  • d)
    No Entry will be made
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
“Machinery sold for Rs. 30,000 on credit.” In which subsid...
Sales Register records the sale of goods in trade of the business whereas cash book records all cash receipts and expenses of regular nature. Machinery is an asset and is sold on credit so it will be recorded in journal.
Note: Entries that are not recorded in any subsidiary book are recorded in journal.
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Most Upvoted Answer
“Machinery sold for Rs. 30,000 on credit.” In which subsid...
All the transactions will be shown in the books of principal entry i.e, journal this transaction will also be shown there and also the transaction is on credit so it won't appear in the cash book.
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“Machinery sold for Rs. 30,000 on credit.” In which subsid...
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“Machinery sold for Rs. 30,000 on credit.” In which subsidiary book this transaction will be recorded?a)Sales Registerb)Cash Bookc)Journald)No Entry will be madeCorrect answer is option 'C'. Can you explain this answer?
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