Question

Bank loan is Rs. 30,000 secured against machinery which was sold for 25,000 , balance Rs. 5000 is _____​

Answer 1

Answer:

loss of machinery 5000

Explanation:

bank loan 30000.

he sold machinery 25000

30000-25000=5000

  balance sheet

Loans (liability)                                                fixed assets

bank a/c                  30000                                   machinery      25000

                                                                          profit /loss a/c

                                                                               loss a/c             5000

                                 30000                                                        30000

#SPJ3