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...

Computer value 5000
Deprecation 3000
Book vale 2000
Sold for 2000
Pass entry?


Answer Posted / thimmappa poojari

Cash account debit 2000/-
Provision for depreciation account debit 3000/-
Computer account credit 5000/-
(being sale of comupter at no loss / no profit. Comupter
purchse value aed 5000/-, Book value of computer aed 2000/-
after depreciation of aed 3000/- alreday effected to P&L)

Note : the word should be provision for depreciation and
not just depreciation.

Is This Answer Correct ?    2 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is a state cheque? how it differes from stale cheque?

2473


In the case of stock transfer from one branch to another branch any reverse credit is applicable.

2051


what is the amount withdrawlfrom other cbs branch by multicity chequ book.

1842


on 02/05/2013 issued a cheque to third eye ltd of Rs.14000/- in full and final settlement against the due on amount

1823


Explain what are the accounting events that are frequently involved in compound entries?

1187


hi i want to run vendor debit memo after he paid all amount i want to give discount through miro i am giving the price and quantity and run in through miro the system will pass another two more line iteams extra and shwoing dr/cr balance +/- when i will increase the amount this is also increasing what is the reason i dont know please send me immediately

1953


we have a bill for billing software modification, i want to know that which head post this entry in tally & also tds applicable or not.

2132


What is mean by Asset area?

2251


Tell me what is public accounting?

1061


Please advise how to calculate net asset....

2366


when receieve cheque from a party and we deposite cheque in bank how do this entry

5185


Explain have you ever prepared mis reports and what are these?

1020


Time limit for payment of divident for listed limited companies & Unlisted public limited companies are? 30 or 45 or 60 or 90

2502


discuss seperate determination concept

2048


Tell me how can you define departmental accounting?

943