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What is the Journal entry of the Transaction -- The Horse
bought on April 20 died , its carcase was sold for rs.50.
also tell me what is treatment in P/L A/c and Balance Sheet.

Answer Posted / sonia d&

Cash A/c.... Dr. 50
To Scrap a/c ... Cr. 50
Being amount receive on the sale of horse carcase.

Is This Answer Correct ?    3 Yes 9 No



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