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A type writer completely written off in the books of accounts was sold for rs 200 ?

Dear Student


As here typewriter wasn't recorded in the books at the time of sale, therefore all the proceeds received from typewriter sale is profit for the firm and hence they shall be creditedtorealisation account.

 
Cash A/c Dr. 200  
  To Realisation A/c     200
(Being typewriter sold)      
       


Hope this helps
Regards

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Realisation A/c Dr
  To Cash A/c
  • 1
cash A/c  DR.                                                                                                                                                                                           To     To realisation A/c
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