Question

Loss on sale of machinery is shown under__

Answer 1

Answer:

Loss on sale of machinery is shown under operating expenditure.

Answer 2

Answer:

Explanation:

In the case of profit organisation it is shown in the DEBIT side of profit and loss account

In the case of non profit organisation the loss amount will be shown in the DEBIT side of income and expenditure account and in both cases the net amount (after deducting depreciation and value of sold parts) shown on the asset side of balance sheet