Accountancy, asked by dev23agrawal, 1 year ago

An old machine of book value Rs, 50000 is exchanged for new machine costing Rs, 120000. The old Machine is valued at Rs. 40000 by HMT Ltd..

zakariaahmed759: Please sent me in detail

dev23agrawal: write a journal entry

Answers

Answered by Anonymous

Hey mate ✌️✌️

Journal Entry ⏬⏬⏬

New Machinery A/c............................Dr...12000
..........To old machinery A/c..40000
.........To cash A/c.....80000

✨ Hope this helps you ✨

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