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Depreciation

Accountancy

Sir In this question we got a profit of 20000 but we didn't take. When we get loss we write it on the credit side of account. But we didn't write profit. Sir can i know the reason

Chaitanya lahari Sharma

CA Inter

★ 6K+

21-Dec-23 16:34

285

Answers (4)

It will be accounted in disposal account

CA Suraj Lakhotia

Admin

21-Dec-23 16:36

But sir when we got loss we mentioned it in machinery account even though we also did mentioned in machineey disposal ac

Thread Starter

Chaitanya lahari Sharma

CA Inter

★ 6K+

21-Dec-23 16:38

You can mention in either machinery acc or disposal acc

CA Suraj Lakhotia

Admin

21-Dec-23 16:47

Ok sir thank you

Thread Starter

Chaitanya lahari Sharma

CA Inter

★ 6K+

21-Dec-23 22:03