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journal entry
sold a part of machinery costing Rs.15000 at profit Rs.5000
pplease HELP
me

Answer :

Francocanacarigo Francocanacarigo

Answer:

To register in a journal entry the movement for which a part of machinery costing $ 15000 at profit of $ 5000 is sold, the following accounting record must be made:

-Goods exit = - $15,000

-Cash entry = $15,000

-Profit entry = +$5,000

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