Question

sold old furniture (with Remaining cost Rs.20000) at a profit of Rs.3000.​

Answer 1

Answer:

Cash account. Dr. 23000

To old furniture account. 23000

(selling price = 20000+3000)

profit on sale of furniture Dr 3000

To Statement of profit &loss. 3000

Answer 2

Answer:

Answer:

Cash account. Dr. 23000

To old furniture account. 23000

(selling price = 20000+3000)

profit on sale of furniture Dr 3000

To Statement of profit &loss. 3000