Computer value 5000
Deprecation 3000
Book vale 2000
Sold for 2000
Pass entry?
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Answer Posted / nurulla
deprcation a/c dr 3000
cash/bank a/c dr 2000
to computer a/c 5000
(being deprcation is a expances to the company so according
to nominal a/c it should be debited.
according to question vlaue of computer is 5000 and
depricatin is 3000 so(5000-3000)=2000 so it match the sale
value of the asset so here thier is a no gain as well as no
loss.)
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