Journal entry for sale of asset in profit /loss
- 7 Answers
- 20897 Views
- Bosch, I also Faced
- E-Mail Answers
Answer Posted / damodar naidu
Asset value $50000
Sold for $5000
Total dep. for Asset is $40400
The entry will be:
Cash $5,000
Accumulated Depreciation $40,400
Loss of Disposal of Asset $4,600;
To Machines A/C $50,000.
| Is This Answer Correct ? | 20 Yes | 3 No |
Post New Answer View All Answers
What are the problems faced when a material ledger is activated?
re: when i am posting insharecapitalpaid i received one message that is there is no item is assigned to this account (bankaccount)/company code
How does group chart of accounts differ from operating chart of accounts?
Can we run payment programe giving ( hdfc vendor detailes ) city bank in payment run programe?
What is a sort key and what is it used for?
What is the document change rule? : fi- general ledger accounting
Explain the various reference methods? : fi- general ledger
How are scrap variances calculated?
What are posting keys?
What is product cost controlling (co-pc)? : co- general controlling
What is the difference between the chart of account view and company code view when maintaining a gl account?
What is archiving? How does it differ from deletion? : fi- general ledger master data
Different types of erp?
Explain the configurations required for taxes in sap?
What is an account currency?
