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
what is a state cheque? how it differes from stale cheque?
In the case of stock transfer from one branch to another branch any reverse credit is applicable.
what is the amount withdrawlfrom other cbs branch by multicity chequ book.
on 02/05/2013 issued a cheque to third eye ltd of Rs.14000/- in full and final settlement against the due on amount
Explain what are the accounting events that are frequently involved in compound entries?
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
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.
What is mean by Asset area?
Tell me what is public accounting?
Please advise how to calculate net asset....
when receieve cheque from a party and we deposite cheque in bank how do this entry
Explain have you ever prepared mis reports and what are these?
Time limit for payment of divident for listed limited companies & Unlisted public limited companies are? 30 or 45 or 60 or 90
discuss seperate determination concept
Tell me how can you define departmental accounting?