if u sale an asset for 10000, which has a book value of 8500.
what will be the journal entry???
Answer Posted / jalpeshmehta5
cash / bank A/c -dr 10000
To Assets A/c 8500
To Profit & Loss A/c 1500
(being sale of assets as profit of rs.1500)
Is This Answer Correct ? | 28 Yes | 3 No |
Post New Answer View All Answers
Tell me how much statistics knowledge is necessary or required in accounting?
What is the purpose of accounts like e.g. expense accounts assigned a account number 0040, principal account assigned anumber 0060.In our general ledger software such numbers are assigned.I want to know how these numbers (accounts) help in maintaing accounts of a company (like bank reconciliation).
purchase from interstate as applicable f form given to supplier & selling in local state as applicable local vat guide me as per law
Explain compound journal entry.
How can pass reverse entry to close the account. If the Asset sides is greater then liabilities side and vice versa, then what can I do.
what is an ideal organisation
bookkeeping, and accountancy,purchase procedure , Educational institutions ;, secretarial practices, Administratire and Academic rules and regulations in Government offices, Academic institutional , computer skils. etc
Hi, we are not a VAT register and raised not VAT bill to company for signage material. they are deducting WCT @4%, can anybody help me why they are deducting WCT while i am not a VAT register vendor, as i do not cross threshold limit.
if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?
What are document required by the bank to make payment for debit memo (Import). if we have allready made payment for orignal bill.
discuss seperate determination concept
What is the entry for closing stock value reduction?
What is account receivable?
are tpt, freight & packing charges part of sales & purchase ??
what is difference between budgeting and Forecasting