Journal entry for sale of asset in profit /loss
- 7 Answers
- 20898 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 ? | 1 Yes | 3 No |
Post New Answer View All Answers
What are internal tables check table, value table, and transparent table?
How do you manage credit limit for the customer in fi?
My broker placed 105 of my shares in Margin Account. he states "verbal auth." How do I return 105 shares back into my regular account. These are great stocks.
What is group asset in sap? When you will use this? : fi- asset accounting
How many currencies can be configured for a company code?
What do you mean by balances in local currency only? : fi- general ledger accounting
What is a financial statement version? : fi- general ledger accounting
In customizing company code productive means what? What it denotes?
what is matrix preparation authorization. and how it is related to PMRD. What is PMRD
What is the importance of gr/ir ( good received/ invoice received) clearing account?
Explain asset class
How can be or in what way baseline date is important in automatic payment program run?
What are the different submodules in sap fi?
How can you manually clear open items? When? : fi- general ledger master data
What is the use of special periods?
