Question

. A machinery of Rs. 4000 was sold for Rs. 5200. Depreciation provision to date was Rs. 400; and commission paid to selling agent was Rs. 320 and wages paid to the worker for removing the machine was Rs. 50. pls make A journal entry

Answer 1

Cash Dr.4830
Prov for Dep Dr. 400
Commission Dr. 320
Wages Dr. 50
To Machinery 4000
To Profit & Loss 1600

Answer 2

Answer:

Explanation:

Cash A/C Dr          4830

Provision for dep. A/c dr.                            400

Commission Dr.     320

Wages Dr.                  50

To Machine A/C.    4000

To p&l a/c                1600

Because:

5200-320-50 = 4830

5200+400-4000= 1600