Question

journal entry of
Sold an old Furniture of * 20,000 for 12,000.​

Answer 1

Answer:

cash A/c....dr.12000

profit and loss A/c...dr.8000

to furniture A/c...20000

Answer 2

Answer:

cash a/c....dr. 12000

lose a/c.....dr. 8000

To old furniture A/c. 20000