HARI PRASAD
(M.COM)
(172 Points)
Replied 03 September 2011
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)
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