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if u sale an asset for 10000, which has a book value of 8500.
what will be the journal entry???

Question Posted / nimu

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if u sale an asset for 10000, which has a book value of 8500. what will be the journal entry???..

Answer / shotheesh choorapra

cash a/c 10000
To Sales 8500
P&l A/c 1500

Is This Answer Correct ?    37 Yes 9 No

if u sale an asset for 10000, which has a book value of 8500. what will be the journal entry???..

Answer / jalpeshmehta5

cash / bank A/c -dr 10000
To Assets A/c 8500
To Profit & Loss A/c 1500
(being sale of assets as profit of rs.1500)

Is This Answer Correct ?    28 Yes 3 No

if u sale an asset for 10000, which has a book value of 8500. what will be the journal entry???..

Answer / sumana jana

cash value dr 10000
to asset 8500
p&l a/c 1500

Is This Answer Correct ?    4 Yes 1 No

if u sale an asset for 10000, which has a book value of 8500. what will be the journal entry???..

Answer / arvind

SALE A/C DR 10000
TO SALE OF PROFIT CR 1500
TO MACHINERY A/C CR 8500

Is This Answer Correct ?    0 Yes 3 No

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