Interested to Buy Any Domain ? << Click Here >> for more details...
if u sale an asset for Rs.1000, which shows the book value of
8600. what will be the journal entry???
- 3 Answers
- 7574 Views
- ACS, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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 |
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 |
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 |
WHY JOURNAL VOUCHER IS USED IN TALLY ? WHAT TYPE OF TRANACTIO IS RECORDED IN IT ?
what is the eligible to deduct the professional tax?
what is consignment entry?
Capital employed
X of Kolkata sends out goods costing 300,000 to Y of Mumbai at cost + 25%. Consignor’s expenses Rs 5000. 1/10th of the goods were lost in transit. Insurance claim received Rs 3000. The net loss on account of abnormal loss is (a) Rs.27,500 (b) Rs.25,500 (c) Rs.30.500 (d) Rs.27,000
What do you mean by depreciation?
types of account
Could you tell someting Use's of Trial Balance and where we get the details.
Why don't calculate the depreciation on Land & Devlopment.? Explain.
Explain what is gaap?
what is the realtime work and process on provident fund(pf) as accountant?
purchase of Rs 1000 were rejected and returned,however vendor returned Rs 800 and balance Rs 200 is charged to sundry exp A/c
Audit 
