Journal entry for sale of asset in profit /loss
- 7 Answers
- 20899 Views
- Bosch, I also Faced
- E-Mail Answers
Answer Posted / chakrapani
Customer a/c is debited
ACC.dep a/c is debited
asset clearing a/c debited
profit/loss a/c is debited
sale of asset is credited
asset clearing a/c is credited
profit/loss a/c is credtied.
| Is This Answer Correct ? | 4 Yes | 2 No |
Post New Answer View All Answers
what is difference between consumer based accounting and purchasing based accounting and how to assign the difference to profitability analysis.
What do you mean by net postings? : fi- general ledger accounting
What is a chart of accounts and types of coa in sap ?
What is direct activity allocation? : co- cost center accounting
What is the difference between a product cost collector and production order?
How Business Process are in sap
Can you explain how carry-forward happens in sap?
What is a account group and where is it used?
How to estimate the Cost step by step ?
What is asset super number in sap? : fi- asset accounting
After creating a customer/vendor, how can we check that under which account group we have configured this customer/vendor?
Hi What is a STAGING CLIENT in our Land scape? a bit of confusion in this
What is the use of account group of the vendor/customer master records? : cost center accounting
What exactly do you know about the sap fico?
1) what template u use to get the data for preparing business blueprint. 2) what challenges u face while preparing business blueprint..pls answer my questions
