Question

On 1-4-14 book value of machine was ₹ 34,000 . Depreciation is calculated at 20% under reducing

balance method. This machine was sold at 35% profit on book value on 30-9-14 . From this

information write journal entry for sale of machine.​

Answer 1

Answer:

Bank A/C Dr 39015

To Machine 28900

To P & L. 10115

Depreciation A/C Dr 5100

To Machine A/C. 5100