When a machinery is sold at loss, which account is credited?

Depreciation account

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Machinery account

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Accumulated depreciation account

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Expense account

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Solution

The correct option is B
Machinery account

The entry for sale of machinery at loss is

Machinery a/c Dr

Loss on sale of machinery a/c Dr

To Machinery a/c

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When a machinery is sold at loss, which account is credited?

The correct option is B Machinery account The entry for sale of machinery at loss is Machinery a/c Dr Loss on sale of machinery a/c Dr To Machinery a/c

The correct option is B
Machinery account

The entry for sale of machinery at loss is

Machinery a/c Dr

Loss on sale of machinery a/c Dr

To Machinery a/c