Sir,
what will the entries for the following:
1.Bought a horse for Rs. 2000 & a carriage for Rs.
1000 for delivering goods to customers.
2. The horse bought died & it's carcass was sold for Rs. 50.
I am getting little bit confused whether to make livestock & include carriage in that or not.
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journal entry
Replies (1)
Horse Dr 2000
Cart Dr 1000
To Bank 3000
Bank Dr. 50
Loss by live stock Dr. 1950
To Horse 2000
Cart Dr 1000
To Bank 3000
Bank Dr. 50
Loss by live stock Dr. 1950
To Horse 2000
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