Customer a/c Dr 500000 Depreciation a/c Dr 50000 To Acc

Journal entry for sale of asset in profit /loss

Question Posted / meeravali

Answer Posted / meeravali

Customer a/c Dr 500000
Depreciation a/c Dr 50000
To Accumulated dep 50000
To Profit on asset sale 50000
To Asset a/c 450000

Is This Answer Correct ?

3 Yes

3 No

Please Help Members By Posting Answers For Below Questions

How do you configure the assignment of variances from product costing to copa module?

940

What is the basic difference in wip calculation in product cost by order and product cost by period (repetitive manufacturing)?

1109

how do you capitalize auc in sap? : fi- asset accounting

1053

What is a document header? : fi- general ledger accounting

1087

What are the 3 gaps that you must have faced during implementation?

2185

What is credit control area in sap?

1115

What is the credit control area in sap?

1026

please can somebody help me to configure TAXINN, what are steps involved..

1950

What is a special purpose ledger?

1050

What are the features of APP programing

2110

What is known as an exchange rate spread?

1145

What is depreciation? Explain the various types? : fi- asset accounting

992

How do you maintain exchange rates in sap? : cost center accounting

1057

what role & responsibilities we must show in sap fi implementation resume

2147

How many currencies can be configured for a company code?

1212