a company sold an equipment for $8600, but the actual book
value of the machine was $8000, pass journal entry

Answer Posted / rocky

cash dr 8600
to equipment 8000
to profit on sale of equipment 600

Is This Answer Correct ?    5 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is difference between venture capital financing and equity financing?

1520


Expand--------SRTA

1531


explain about mergers & aquisitions? asked on 30/7/09

1563


service tax form no ? What is CC Limit ? What is branch accounts?

1715


Short Answer on _____________Revenue Budget

1569






what is Ratio Analysis ?

1825


With scan-based trading, are retail companies creating inventory at the point of sale or recording income/expense?

1963


1. what is responsibility of inword & forward agent ? 2. how to control cash expenses give five step ? 3. what is Vat 3. how many type of depreciation

1580


How can you actualize cah flows of 5 years at 8%

1678


I WANT ACCOUNT ASSISTANCE INTERWIEV QUETION IN L&T

2072


Expand---------PDCB

1527


diffrence between the profit center and business area

1675


Entrance Exam question & Answer required

1518


Expand--------AA

1598


EXPAND___________NPO

1488