=+On 31st December, 1962, one machine was sold for 420 and on the same day was replaced

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=+On 31st December, 1962, one machine was sold for £420 and on the same day was replaced by a new machine which cost £1,200.

You are asked to give all the accounts necessary to record these matters, including transfers to Profit & Loss Account, for each of the years 1960, 1961 and 1962 and to show the balance carried down on 1st January, 1963.

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Accounting Principles And Practice

ISBN: 9781483169354

1st Edition

Authors: S. Hall, N. Skene Smith

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Question Posted: Sep 02, 2024 05:00 AM

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=+On 31st December, 1962, one machine was sold for 420 and on the same day was replaced

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Accounting Principles And Practice

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