Question

Feb. 19 Sold machinery worth 18,000 at book value counting.
Feb. 24 Sold 100 shares of Tata Chemicals @ 750 per share.
Feb. 25 Sold old furniture worth 9,000 to Manoj without any profit or loss.​

Answer 1

Answer:

1. Bank A/c Dr. 18,000

         To Machine A/c 18,000

2. Bank A/c Dr. 75,000

         To Investment in Shares A/c 75,000

3. Manoj A/c Dr. 9,000

         To Furniture A/c 18,000

Explanation: