Accountancy, asked by arorapuneet403, 4 months ago

an old manual typewriter having book value of 5000 is exchanged for a new electronic typewriter costing 12000 by paying 10000 in cash

Answers

Answered by balasaroj738

1

Answer:

typewriter a/c ....Dr. 7000

To cash a/c 5000

To profit on exchange 2000

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