What is the Journal entry of the Transaction -- The Horse
bought on April 20 died , its carcase was sold for rs.50.
also tell me what is treatment in P/L A/c and Balance Sheet.
- 4 Answers
- 20420 Views
- ASDC, Financial Services, I also Faced
- E-Mail Answers
Answer Posted / sonia d&
Cash A/c.... Dr. 50
To Scrap a/c ... Cr. 50
Being amount receive on the sale of horse carcase.
| Is This Answer Correct ? | 3 Yes | 9 No |
Post New Answer View All Answers
Explain have you ever heard about tds, what it is?
whats difference between manufacturing account & cost account
pass journal entries of the following transaction in the books of AG sindh, AGPR,FTO and SBP: 1)DDo sindh house submitted a bill for purchase of furniture to AGPR islamabad for Rs.200000 on 20th March 09; 2)AGPR issued cheque on 2nd april which was cleared by SBP on 5th April; 3)On 26th may, voucher were exchanged in the clearing house; 4)On 28th May, AG sindh issued advise to settlement to SBP karachi; 5)On 5th june,SBP HQ karachi sends a copy of clearnce memo along with bank statement to AG sindh and AGPR for settlement made on 31st May.
Difference between depreciation according to cost principle and matching principle
Please advise how to calculate net asset....
What is the objective of the balance sheet?
What are the effects when intangibles and tangible assests decrease
How Can We Differ Horizental & Vertical Balace Sheet? Explain.
What are negative postings?What are Credit memos ?Payment Requests ?
TDS %AGE ON CALLIBRATION CHARGES BILL
In the Manufacturing IF QC reject the material. Then where to record rejected material amount.
How i should sellone the mobile phone when interviewer will ask sell this phone to me?
What are its characteristic features of financial accounting?
my brother is out of country i have lost his bank passbook when i was going to bank for the entries is their essential to take duplicate pass book can my brother is present for this.
What is accounting ethics?
