Question

an old machine costing 5000 was sold for 6000​

journalise it​

Answer 1

Answer:

I think this could be right.

machine a/c Dr 6000

to sales a/c. 6000

( in which profit is included of rs 1000 on sold )

Answer 2

Answer:

cash A/c dr. 6000

To pnl A/c 1000

To Machinery A/c 5000

Explanation:

( for old machinery sold and received profit )