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