Answer / damodar naidu

Asset value $50000
Sold for $5000
Total dep. for Asset is $40400

The entry will be:

Cash $5,000
Accumulated Depreciation $40,400
Loss of Disposal of Asset $4,600;

To Machines A/C $50,000.

Answer / 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.

Answer / 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.

Answer / meeravali

Customer a/c Dr 500000
Depreciation a/c Dr 50000
To Accumulated dep 50000
To Profit on asset sale 50000
To Asset a/c 450000

Answer / ramesh basavani

1.asset clearing a/c Dr 100/-
Accumulated Depreciation Dr 50/-
Revenue/Expenses on asset Dr (if applicable) 20/- Revenue
Sale of Asset Cr 150
Profit/loss on sale of asset Cr 20/-

2. Customer a/c Dr 100/-
Asset Clearing a/c Cr 100/-

Answer / 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.

Answer / chinnareddy

Hi,

Sale of asset with customer T.code: F-92.

customer account Dr 300000
accumulated dep a/c Dr 2500
revenue on sale of asset a/c Dr 300000
To sales account 300000
To fixed asset( building) a/c 300000
To profit or loss on sale of asset 2500

Hi friends, I getting an error while i am creating document number range it shows the error message " the number range intervals are not included in automatic recording of customising changes transport of all the changes made within number range interval maintenance must triggered manually. In the initial screen for number range interval maintenance choose the function internal->transport. thanks

4 Answers  

With out invoice ceation can we delivery the stock to Customer. If Yes - How , What is the process.( when the credit limit exceeds)

1 Answers   Accenture,

In accounts receivable, what is the difference between the 'residual payment' and 'part payment' methods of allocating cash?

0 Answers  

Why should we use external number range inspite of using internal no. range in Asset Configuration? Plz. give the answer in detials.

1 Answers  

What is an asset transfer date? : fi- asset accounting

0 Answers  

what is cash journal? why and when to use cash journal? what is the reason for doing cash journal and plz give the process and tcode of cash journal ? plz tell me kindly the whole process of cash journal. thank u.

2 Answers  

is there any alternate way for Field status Group.where we can suppress,optional and require entries can be done

5 Answers   KPIT,

whate are the tabes in f110

2 Answers   Cognizant,

1)how many tr's you have moved in support project?  2)tell me the complete process of idoc's? 3)what are the interfaces you have dealt wih in your project?

0 Answers   Tech Mahindra,

what is a landscape, DEVELOPMENT-QUALITY-PRODUCTION. WHAT IS OUR RESPONSIBILITIES IN DEVELOPMENT , QUALITY AND PRODUCTON PLS EXPLAIN BRIEFLY

2 Answers   TCS,

Q.what type of issues you are getting and tell me some issues in asset acctng,fi-mm,co?

0 Answers   iGate,

If a vendor raised about 10 invoices on a same day. Invoice numbers start with 111 to 120 and asked to pay for Invoice no 115 through APP. How to configure it.

3 Answers   Cap Gemini,