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What is mean by assets
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Answer / md salman
It is economic resource which owned bu the company give benefit in the expected feature
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Answer / md arif
assets means its our property which we have purchased but it is not sold
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Honda car dr 11556 purchase 25/08/2010 to bank cr 4100 to loan cr 7456 Installment paid upto 31/7/2012 @ 207/-pm (total 4761/-) Loan Bal. 2695/- Car was cancelled due to accident in June-2012. Finance company refunded 6656/-(15/08/2012) Total accumulated depreciation was 5202.318. what will be the Car write-off entry..??
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