Which of the following is the meaning for the entry recorded in the machinery A/c? Dr Machinery A/c Cr Date Particulars Rs. Date Particulars Rs 31-3-13 By P & L A/c 5000

Correct Answer is : Loss on sale of machinery transferred to P &L A/C

Portion of sale of machinery transferred to Profit & Loss A/c

Machinery of Rs.5,000 purchased

Loss on sale of machinery transferred to P &L A/C

CA CPT 2013 Dec Question Paper Fundamentals of Accounting for online practice

Question : 23 of 60

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Which of the following is the meaning for the entry recorded in the machinery A/c?

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