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Teaching Accountancy Accounting for Specific Business and Transactions Question Bank MCQ - Accounting for Specific Business and Transactions

  • question_answer
    A machine of ` 3000 was sold for ` 4200. Depreciation provision to  date was ` 400 and commission paid to selling agent was ` 420 and wages paid to workers for removing the machine was ` 30. Profit on sale of machine will be 

    A)  ` 1200                                    

    B)  ` 1000                                    

    C)  ` 1150                                    

    D)  None of the above

    Correct Answer: C

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