Sale of old furniture recordrd as sales a/c. recify it
Answer Posted / 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 |
Post New Answer View All Answers
What are write off entries to be passed say if im having payable of Rs. 400 standing in the balance sheet and I want to write it off...
How will we calculate T1, T2 capital in CRR(Cash Reserve Ratio)?
Expand ________FOR
Explain about Fluctuating Capital
KINDLY PROVIDE ME RBI OFFICER SCALE B QUESTION PAPER (PREVIOUS)
what s BSPL and its significance?
what are micro-cap, small-cap, mid-cap, large-cap companies?
what is book profit
Define Salry for the following purpose 1.To calculate HRA
You have joined company yesterday then you are Appling B1 visa today. why so urgent.
what's accounts payable
Let me know the difference between cash flow and free cash flow
pl send me SBI previous question papers for clerical post to my email id :jahnavi_devi@yahoo.com
What is meant for GR form, which is used in export of goods without of payment of duty ? For what purpose we use it ? Should merchandise exporter use it ?
how there face in lvbank interview