Interested to Buy Any Domain ? << Click Here >> for more details...
Computer value 5000
Deprecation 3000
Book vale 2000
Sold for 2000
Pass entry?
- 16 Answers
- 17910 Views
- FIC, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Depreciation A/c Dr 3000
To Computer A/c 3000
Cash / Bank A/c Dr 2000
Sale of Computer 2000
| Is This Answer Correct ? | 28 Yes | 5 No |
Answer / nurulla
deprcation a/c dr 3000
cash/bank a/c dr 2000
to computer a/c 5000
(being deprcation is a expances to the company so according
to nominal a/c it should be debited.
according to question vlaue of computer is 5000 and
depricatin is 3000 so(5000-3000)=2000 so it match the sale
value of the asset so here thier is a no gain as well as no
loss.)
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / ca balram
For deprecation:-
Depreciation A/c dr. 3000
To Computer 3000
----------------------------------
Profit and loss A/C Dr. 3000
To Depreciation A/c
(For booing of deprecaion expenses)
----------------------------------
-----------------------------------
(IN the year of SALE)
.........................
Cash / Bank A/c Dr. 2000
To Computer A/c 2000
(for the sale of computer)
----------------------------------
| Is This Answer Correct ? | 8 Yes | 2 No |
Answer / s.malleswara rao
Cash/Bank Ac/ Dr 2000
Profit/Loss on sale of Fixed Assets A/c Dr/Cr 0
Computer A/c Cr 2000
| Is This Answer Correct ? | 12 Yes | 7 No |
Answer / jl
Cash A/C............ Dr 2000
Drepriciation A/c .....Dr 3000
To Computer A/c 5000
| Is This Answer Correct ? | 12 Yes | 7 No |
Answer / samir
Hello arvind singh,
i would like to advice to clear the accouning funda,
question is very much clear
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / thimmappa poojari
Cash account debit 2000/-
Provision for depreciation account debit 3000/-
Computer account credit 5000/-
(being sale of comupter at no loss / no profit. Comupter
purchse value aed 5000/-, Book value of computer aed 2000/-
after depreciation of aed 3000/- alreday effected to P&L)
Note : the word should be provision for depreciation and
not just depreciation.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / hemanshu
CASH / BANK A/C DR 2000
DEP. ACCOUNT DR 3000
COMPUTER A/C CR 5000
NO MORE ENTRY SHOLD BE PASSED APRT OF THIS ENTRY. IF DEP IS
ALREADY PROVISIONED MAKE DEP.ACC. A/C
| Is This Answer Correct ? | 0 Yes | 0 No |
The question is correct but better to know the dates of
sale of computer.
according to the question : answer is
Dr Depreciation A/c Rs. 3000
Dr Cash/Bank A/c Rs. 2000
Cr Computer A/c Rs. 5000
Narration: Being depreciation charged on computer and sold
for Rs. 2000/-).
| Is This Answer Correct ? | 0 Yes | 0 No |
The owner of the consignment stock is________ (a) Consignor (b) Consignee (c) Debtors (d) None
What is consignment cycle.?Explain the steps involved in the Consignmet..?
what is average due date ?
What is Sweep Account?
when we compare to bank statement with the our pass book the enteries are opposite why this happens?
in Sensex and Nifty, what is the measure to take the points
what is the journal entry of payment received after deducting tds?
what is general accounting
What are the most important goals of accounts receivable?
Tell me what happens to company's “cash account” if it borrows money from the bank by signing a note payable?
WHAT IS THE MEANINF OF BPO?
what is trial balance.?
Audit 
