Question

what will be the journal entry of horse died which was purchased for ₹20000 and it's carcars were sold in ₹12000​

Answer 1

Answer:

8000

Explanation:

journal entry purchased item 20000 written in L.H.S and cars sold item 12000 written in R.H.S then ans is 8000... because we balanced the equation

Answer 2

Answer:  The journal entry are as follows :

Cash account                             Dr.     12000

Loss on death of horse             Dr.       8000

            Horse                             Cr.                      20000

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Explanation: Given that the horse died that was purchased for ₹20000 and it's carcars were sold in ₹12000.

We are to state the journal entry.

According to the given information, there will be a debit of Rs. 12000. a debit of Rs. 8000 and a credit of Rs. 20000.

The journal entry are as follows :

Cash account                             Dr.     12000

Loss on death of horse             Dr.       8000

            Horse                             Cr.                      20000

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