if u sale an asset for Rs.1000, which shows the book value of
8600. what will be the journal entry???
- 3 Answers
- 6656 Views
- ACS, I also Faced
- E-Mail Answers
Answer Posted / gopakumar.g
Cash/Bank A/c Dr 1000
P&L A/c Dr 7600
To Asset A/c 8600
(Being the asset sold @ a loss of Rs.7600/-)
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Tell me about a situation where you showed determination?
Do is it proper fo an engineer to head a bank without a good backgroud in accounting? ?
What is general entries for Deffered Tax?
What are depreciation and amortization?
Sales tax waybill is required for how much value of invoice (for example we raise Rs.1000 bill is waybill required in andhra pradesh)
swagat staryed business on 1st jan 2005 with cash on hand Rs. 10000
I got a transaction of Online Recruitment Charges, So What is the Ledger to Create?
What are the reasons which cause pass book of the bank and your bank book not tally?
What is the difference between accrual
what is the performa of bank reconcilation ? i want to need it and also i want to know about tds entry for various sources such as rent,contractor, commission, etc. and how we make the tds return, please tell me its very urgent?
Explain in simple terms what is the difference between asset, equity, and liabilities?
what is the difference between accounting and bookkeeping?
Explain what is bad debt expense?
Tell us why did you select accounting as your profession?
while preparing insolvency account deficiency account is wich account? why we do not prepare it with general rules?
