[santoshsalimath]

Hi,

This is Santosh from bangalore, I don't know journal entry for given below points.

1) Machainary purchased ( CASH / CREDIT)
2) Accumalated Deppreciation entry for every year
3) Deposal enty for machinary ( This is want mainly )

Kindly guide me how make it out


Regards,
Santosh

[ROLCAM]

It would have been better if you gave
Specific examples of what you really want to journalise.
This is the example I mean.
Bought a machine for $10,000 for cash.The useful life of the machine is 5 years.
After 2 years the machine is not in use any more so it was sold for $5,000.

You need to journalse the purchase of the
Machine.
You need to show the depreciation journal entries for two years.
You need to journalise the sale of the machine.
You then need to journalise the loss on the sale of the machine.
You need to also clean up the ledger from any of the information on the machine includingthe provision for depreciation.
As you know we are not allowed to do the homework for you.
So, have a go and prepare the journal entries as best as you can.
Do not forget the NARRATION for every entry.
There are many people here that are capable
Of reviewing your work.
Good luck.