Interested to Buy Any Domain ? << Click Here >> for more details...
Computer value 5000
Deprecation 3000
Book vale 2000
Sold for 2000
Pass entry?
- 16 Answers
- 17791 Views
- FIC, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Depreciation A/c Dr 3000
To Computer A/c 3000
Cash / Bank A/c Dr 2000
Sale of Computer 2000
| Is This Answer Correct ? | 28 Yes | 5 No |
Answer / nurulla
deprcation a/c dr 3000
cash/bank a/c dr 2000
to computer a/c 5000
(being deprcation is a expances to the company so according
to nominal a/c it should be debited.
according to question vlaue of computer is 5000 and
depricatin is 3000 so(5000-3000)=2000 so it match the sale
value of the asset so here thier is a no gain as well as no
loss.)
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / ca balram
For deprecation:-
Depreciation A/c dr. 3000
To Computer 3000
----------------------------------
Profit and loss A/C Dr. 3000
To Depreciation A/c
(For booing of deprecaion expenses)
----------------------------------
-----------------------------------
(IN the year of SALE)
.........................
Cash / Bank A/c Dr. 2000
To Computer A/c 2000
(for the sale of computer)
----------------------------------
| Is This Answer Correct ? | 8 Yes | 2 No |
Answer / s.malleswara rao
Cash/Bank Ac/ Dr 2000
Profit/Loss on sale of Fixed Assets A/c Dr/Cr 0
Computer A/c Cr 2000
| Is This Answer Correct ? | 12 Yes | 7 No |
Answer / jl
Cash A/C............ Dr 2000
Drepriciation A/c .....Dr 3000
To Computer A/c 5000
| Is This Answer Correct ? | 12 Yes | 7 No |
Answer / samir
Hello arvind singh,
i would like to advice to clear the accouning funda,
question is very much clear
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / thimmappa poojari
Cash account debit 2000/-
Provision for depreciation account debit 3000/-
Computer account credit 5000/-
(being sale of comupter at no loss / no profit. Comupter
purchse value aed 5000/-, Book value of computer aed 2000/-
after depreciation of aed 3000/- alreday effected to P&L)
Note : the word should be provision for depreciation and
not just depreciation.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / hemanshu
CASH / BANK A/C DR 2000
DEP. ACCOUNT DR 3000
COMPUTER A/C CR 5000
NO MORE ENTRY SHOLD BE PASSED APRT OF THIS ENTRY. IF DEP IS
ALREADY PROVISIONED MAKE DEP.ACC. A/C
| Is This Answer Correct ? | 0 Yes | 0 No |
The question is correct but better to know the dates of
sale of computer.
according to the question : answer is
Dr Depreciation A/c Rs. 3000
Dr Cash/Bank A/c Rs. 2000
Cr Computer A/c Rs. 5000
Narration: Being depreciation charged on computer and sold
for Rs. 2000/-).
| Is This Answer Correct ? | 0 Yes | 0 No |
What is the difference in accounting and marketing and what is so different about them?
what is cash discount?
if we have received the bill of telephone and electricity for the period 16th march to 15 april ,what will be the entry for the year ended 31st march '10?will there be any provision entry for this
what are the similarities between provision and reserve?
what s account
If a builders work is incomplete.Then what entry will be passed by him on closing of accounting year i.e 31st march In P&L A/c and Balance sheet
please tell me when co. owner invest money in his family members bank a/c. not any transaction came in business can we do this bank statement in tally ?
what is withholding tax
Difference between reserves for bad debts & provision for bad debts.
6 Answers HSBC, NRN Business solution, Siemens,
how to pass entry of petty cash in tally 7.2
what are the basic elements to prepare a quarterly information system and how to calculate that items?
RESERVE A/c - What is the type of A/c means is this a Personal A/c or Real A/c or Nominal A/c?
Audit 
