Journal entry for sale of asset in profit /loss
Answer Posted / chakrapani
Customer a/c is debited
ACC.dep a/c is debited
asset clearing a/c debited
profit/loss a/c is debited
sale of asset is credited
asset clearing a/c is credited
profit/loss a/c is credtied.
Is This Answer Correct ? | 4 Yes | 2 No |
Post New Answer View All Answers
What is an activity price calculation? : co- cost center accounting
Where do you attach the check payment form?
tell me about MTS process?
What are statistical internal orders? : co-pa
What is a (tax) jurisdiction code?
What is the purpose of a "document type" in sap?
Explain the planning steps in co-om-cca? : co- cost center accounting
Please provide me with configuration documents of USER EXIT' Thanks Naresh
What is a financial statement version? : fi- general ledger accounting
Tell me about the tax reports in sap
What is the use of value field in the co-pa module? : cost center accounting
Describe the reconciliation ledger? : co- cost center accounting
What is a “characteristic field” in the co-pa module?
Differentiate free offsetting entry from a statistical posting? : fi- accounts payable
Name some settlement receivers for co internal orders?