Ravi Dasar (7 Points)
10 July 2018
prasad Nilugal
(3924 Points)
Replied 10 July 2018
prasad Nilugal
( GST Practitioner & Accounts )
(14916 Points)
Replied 10 July 2018
| Originally posted by : prasad Nilugal | ||
 |
J.E will be Bank a/c Dr 52000Depreciation a/c Dr. 4000To Machinery a/c Cr 40000To profit on sale 16000( being machine sold , profit transfer P&L ) |  |
Correct entry given bellow
1) Bank A/c Dr 52000
Depreciation A/c Dr 4000
To Machinery A/c 40000
To profit on sale 16000
( Being machinery sold profit transfer to P&L)
Commission A/c Dr 3200
Wages A/c Dr 500
To Bank A/c Cr 3700
( Expense towards sale of machinery )
RAJA P M
("Do the Right Thing...!!!")
(128111 Points)
Replied 10 July 2018
CAclubindia
