Question

The Loss on Sale of machinery is debited to:​

Answer 1

Answer:

Loss on sale. Debit cash for the amount received, debit all accumulated depreciation, debit the loss on sale of asset accou

Answer 2

$\huge\underline\bold\red{Answer :}$

Debit cash for the amount received, debit all accumulated depreciation, debit the loss on sale of asset account, and credit the Machinery A/c.