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

i m a student of icwai i have just passed out my foundation and i wanna no if i should go for both intermediate group together or not....

1 Answers  

---

what is the benifit of deprecation in the case of provision of depre.

2 Answers  

---

tell me something about urself?

23 Answers   Accenture, CMS, Cognizant, ICICI, Nipuna, TCS, Thomas Cook, Wipro,

---

PLEASE GIVE ME THE LIST OF ACCOUNT TYPES AND THEIR HEADS RESPECTIVELY.

2 Answers  

---

where do you get Capital Expenditures?

4 Answers  

---

What is BRS? What is the use of BRS?

3 Answers  

---

what is basic accounts rule?

20 Answers   First Indian Corporation, Hotel Jobs, MPSC, Syntel,

---

ACCOUNTING CONCEPTS AND CONVENTIONS

4 Answers   Bajaj, Bajaj Capital,

---

what is debit/credit note ? what deffered income and expencess?

1 Answers   Intelenet,

---

Compute the interest & TDS amount following transaction:

1 Answers  

---

What are all the items come under P&L and Balance sheet?

14 Answers   EF, TCS, Wipro,

---

expand P O S B

2 Answers  

---