This question was asked in Rules for Debit Credit

Cash paid for installation of machine 70000₹

Ranjit Singh

Nov. 1, 2016, 8:09 p.m.

Answers!

Mohammad Shahbaz

Sept. 26, 2017, 4:48 p.m.

When fixed asset purchase, entry will be

Fixed asset.......Dr

To cash/Bank......

Also when Fixed asset installation, entry will be

Fixed asset....Dr

To cash/bank

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Purusottam Mishra

Dec. 12, 2016, 10:29 a.m.

Cash ac dr 70000

To fixed assets 70000

( Being cash paid for machine installation )

Hear cash paid for installation so this is part of fixed assets

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