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a company sold an equipment for $8600, but the actual book
value of the machine was $8000, pass journal entry
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Answer / balvinder kumar
bank A/c Dr 8600
To Asset A/c Cr 8000
To Profit on sale of Asset A/c Cr 600
| Is This Answer Correct ? | 12 Yes | 0 No |
Answer / rocky
cash dr 8600
to equipment 8000
to profit on sale of equipment 600
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / saloni
Cash a/c dr. 8600
To machinery a/c 8000
To profit on sale of machinery600
| Is This Answer Correct ? | 0 Yes | 0 No |
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