Sale of old furniture recordrd as sales a/c. recify it
Answers were Sorted based on User's Feedback
Answer / raju kumar
cash or bank a/c dr.
To sale a/c
if you are saller of furniture in that case you can do
entry as above. oterwise if that furniture was as a fixed
assets your rectify entry will be as under
sale a/c dr.
to furniture a/c
because time your furniture is as a fixed assets and this
case you can not treat as a normal sale.
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / gurumurthi javaji
cash a/c ...........Dr
To Old furniture a/c
why because according to Real a/c principle:
Debit what comes in , credit what goes out.
| Is This Answer Correct ? | 3 Yes | 1 No |
waht i mean by bill's Paybles
what type of account appear on a post closing trial balance? a) income statement accounts b) balance sheet accounts c) cash flow accounts d) temporary owner's equity accounts
What is Provate Placement?
PLEASE SEND ME WHAT IS ENTRY OF CHEQUE DISHOUNER
calculate the closing stock: if opening stock- rs.2327620 , purchase -23519280, direct expenses-1335225, sale:- 24884412, direct income :-286371
What is the need for harmonisation of accounting standards at global level?
What is the difference between absorption, amalgamation and liquidation of companies? And why realisation account is being prepared ?
Difference between cash and merchantile system?
All Accounting Question Related Send Me ..
what are the type of t.d.s. entries ?
it is better to invest in which securities short term/long term or both? please reason4 the same
Ramana,our customer directly deposited into our Bank a/c