There is small modification respect to transaction which had been answered
Regarding (4) When profit on sale of machine is transferred to P&L a/c the following entry comes
Profit on sale of machine a/c Dr 6200
To P&L a/c 6200
(Being Profit on sale of machine is transferred to P&L a/c)
There is small modification respect to transaction which had been answered
Regarding (4) When profit on sale of machine is transferred to P&L a/c the following entry comes
Profit on sale of machine a/c Dr 6200
To P&L a/c 6200
(Being Profit on sale of machine is transferred to P&L a/c)
CAclubindia
