if u sale an asset for Rs.1000, which shows the book value of
8600. what will be the journal entry???




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if u sale an asset for Rs.1000, which shows the book value of 8600. what will be the journal entry..

Answer / madhulika2011

Cash or Bank A/C.....Dr. 1000
Loss on Sale A/C.....Dr. 7600
To Asset A/C..................8600

Is This Answer Correct ?    50 Yes 3 No

if u sale an asset for Rs.1000, which shows the book value of 8600. what will be the journal entry..

Answer / 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

if u sale an asset for Rs.1000, which shows the book value of 8600. what will be the journal entry..

Answer / akram khan

Purchaser a/c dr 10000
To Asset a/c 8600
To profit a/c 1400

Is This Answer Correct ?    8 Yes 27 No



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