if u sale an asset for 10000, which has a book value of 8500.
what will be the journal entry???
Answers were Sorted based on User's Feedback
Answer / shotheesh choorapra
cash a/c 10000
To Sales 8500
P&l A/c 1500
|Is This Answer Correct ?||37 Yes||9 No|
Answer / jalpeshmehta5
cash / bank A/c -dr 10000
To Assets A/c 8500
To Profit & Loss A/c 1500
(being sale of assets as profit of rs.1500)
|Is This Answer Correct ?||28 Yes||3 No|
Answer / sumana jana
cash value dr 10000
to asset 8500
p&l a/c 1500
|Is This Answer Correct ?||4 Yes||1 No|
Answer / arvind
SALE A/C DR 10000
TO SALE OF PROFIT CR 1500
TO MACHINERY A/C CR 8500
|Is This Answer Correct ?||0 Yes||3 No|
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