7.7k views
1 vote
Journal entry

sold a part of machinery costing Rs.15000 at profit Rs.5000
pplease HELP
me

1 Answer

2 votes

Answer:

To register in a journal entry the movement for which a part of machinery costing $ 15000 at profit of $ 5000 is sold, the following accounting record must be made:

-Goods exit = - $15,000

-Cash entry = $15,000

-Profit entry = +$5,000

User Soumitra Goswami
by
8.8k points

Related questions

asked May 20, 2021 192k views
Meaku asked May 20, 2021
by Meaku
6.5k points
1 answer
0 votes
192k views
asked Dec 26, 2024 3.9k views
Pattivacek asked Dec 26, 2024
by Pattivacek
8.7k points
1 answer
5 votes
3.9k views