CA Foundation doubt
Can anyone help me what will be the rectified journal entry for 5th transaction
Asked by Dev4 Aug 2024504 views
1 answer
👀👀👀 · 4 Aug 2024
1. P&l adj dr 8500(sales) To machinery. 8500 2. P&l. Adj dr 500.(depri) To machinery. 500 3. Machinery. Dr. 1000 To p&l adj ac. 1000(profit on sale ) Depriciaton of 6 month 500 Profit 9500-8500=1000
Free app · 5 lakh+ learners
Ask your doubt in the Studycaller app
Read full notes, ask doubts, follow toppers and track your study hours — free on Android and iPhone.