Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


A business unit disposes an old asset at a rate higher than
its written down value. Then how it will be recorded and
under what head of income



A business unit disposes an old asset at a rate higher than its written down value. Then how it wi..

Answer / srinivas annavarapu

The entry will be

Bank a/c DR
TO Profit on sale of Asset
TO Machinery a/c

and it comes under capital income

Is This Answer Correct ?    4 Yes 1 No

Post New Answer

More Accounting AllOther Interview Questions

What is the working formula for Working Capital

2 Answers  


what is Calculation of Depreciation for 4 to 5 Years?

0 Answers   EDS,


Why you want to leave your present job while they offer you with good offer?

0 Answers  


Feature of Master letter of credit of Garments manufacturing company?

0 Answers  


Is bank charge an assest, equity or liability? 

2 Answers  


loss of pay for a employee when he is not having single leave bal. in his account that time what is the calculation 2) what exactly the days to be considered i.e. 26 days or 27 days i.e. to arrive at salary per day what exactly the days to be divid

0 Answers  


why we prepare the brs

4 Answers  


What is the name of the first bank in India

3 Answers  


What is Deposit Clearing House ?

1 Answers   Capital IQ,


i have one question.when using fbra for reset clearing,message exchange rate different was posted and i have do reversalon the same time using fb08 but unfortunately i' m not authorize to use this transaction.my collegue only have.so how should i do.please advise

0 Answers  


STAte clearly the domain and range of random variable

0 Answers  


Balance sheet identity

1 Answers  


Categories