Answer / safayat

Hi Im Safayat. It will be recorded as follows:

Cash/Bank account Dr.
Loss on sale of furniture account Dr.
Accumulated depreciation account Dr.
Furniture account Cr.

Answer / pratish.m

Debit cash/ bank A/c-------- xxxxx
Debit Depreciation A/c------xxxxx
Credit Furniture A/c------ xxxxx

Answer / prakash

Bank a/c Dr xxxx
Profit&Loss a/c Dr xxxx
(loss)
To Furniturea/c xxxx

Answer / kannan

The loss you incurred is just like a discount you allowed to them , so the entry is

cash a/c Dr
Discount allowed a/c Dr
To Furniture a/c

How to dived the persons AOP, AJP, BODY OF INDIVIDUALS,HUF,COMPANY-NON RESIDENT, COMPANY RESIDENT LOCLA AUTHORITY,PARTNERSHIP FIRM(meaning)

0 Answers  

---

Expand ________FAQ

2 Answers  

---

The opening Capital of a concern is Rs.30000/- owner withdral for personal use Rs.28000/- Closing capital balance of concern is Rs.37000/- choose the correct answer from the following. 1.Net Loss Rs.14000/- 2.Net Profit Rs.35000/- 3.Net profit Rs.14000/- 4.Net Loss Rs.35000/-

15 Answers   Genpact,

---

what is balance sheet, capital budgeting, financial statements, current ratio, profit maximization?

0 Answers   UBS,

---

DIFFERNCE BETWEEN TRADING ACCOUNT AND PandL ACCOUNT

2 Answers   ITC Infotech,

---

---

What is the difference between Pay order & DD ?

1 Answers  

---

Expand F R R O

2 Answers  

---

what is a security?

3 Answers   Franklin Templeton,

---

expand N R I

6 Answers  

---

what are the suggestions to control NPA in rural areas?

0 Answers   State Bank Of India SBI,

---

Purchased goods worth @25000 at 10% trade discount from seven who paid 200/- as carriage on behalf of prabhakar

0 Answers  

---

Generally which method companies follow in stores? Like (FIFO,LIFO,Simple AVG,Weight AVG...)

5 Answers   Capital IQ, HP,

---