INTERVIEW QUESTIONS ACCOUNTS DETAILS

Question: Purchasing cost Rs.100/- Depreciation Rs.80/-Book Value Rs. 20/- Sald at Rs.120/-
How to pass one single entry in the books of accounts

Answer: Cash A/c Dr. 120
To Related Machine A/c 20
To Depreciation A/c 80
To profit and loss A/c 20

Cash A/c Dr. 120
To Related Machine A/c 20
To Depreciation A/c 80
To profit and loss A/c 20 Source: CoolInterview.com

Cash A/c Dr. 120
To Related Machine A/c 20
To Acc.Depreciation A/c 80
To profit and loss A/c 20

Source: CoolInterview.com

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