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

what is Rectification of Errors ?

0 Answers   EDS,

---

Please suggest the manual records needed to be maintained at NGO/CBO to record the transactions of accounts & inventory. Please also mention the need & purpose of each records/books

0 Answers   NGO, Sneha NGO,

---

what is portfolio management? and what is zero based budget?

2 Answers   Capital IQ,

---

how we will prepare n file income tax returns for individuals?explain

0 Answers   HCL, OPS, TCS,

---

What is difference between traveling and conveyance?

1 Answers   GMC,

---

what journel entry we need to pass if we get an interest from bank

10 Answers   Bank Of America,

---

What is credit card? How useful to people?

1 Answers   Simplex,

---

What do you understand by the Term Capital Gains Used in the Income Tax Act ? What are the rules regarding exemption of Capital Gains ?

1 Answers  

---

difference between accrual,payable and provision

3 Answers  

---

Wat is the security analysys?what is portfolio management? wat is the difference between security analysys@portfolio management?

1 Answers  

---

why a fixed cost is said to be fixed?

7 Answers   HP,

---

Which element do you need to enter during document posting to distinguish between international and local GAAP (generally accepted accounting principle)?(any 2 answer) • Account group for the account approach • Ledger for the ledger approach • Ledger group for the ledger approach • Account for the account approach

0 Answers   IBM,

---