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ChatGPT
Dec 2, 2024
The machine was sold for Rs. 16,000.
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Google Gemini AI
Dec 2, 2024
Transaction: Sale of a Machine
Amount: Rs. 16,000
Entry:
Debit: Cash/Bank Account Rs. 16,000
Credit: Machinery Account Rs. 16,000
Explanation:
The cash or bank account is debited for the amount received from the sale of the machine. The machinery account is credited for the cost of the machine being sold. This entry records the removal of the machine from the company's assets.
Amount: Rs. 16,000
Entry:
Debit: Cash/Bank Account Rs. 16,000
Credit: Machinery Account Rs. 16,000
Explanation:
The cash or bank account is debited for the amount received from the sale of the machine. The machinery account is credited for the cost of the machine being sold. This entry records the removal of the machine from the company's assets.
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