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
- 18426 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 |
3. Cash Flow from Operation: Assume a company with an Income Statement showing: Net Income …. $ 180,000/- Depreciation …. $ 80,000/- Amortization … $ 60,000/- Deferred Income … $ 40,000/- What would be the: a) Cash Flow from operation b) Ratio of Cash Flow
If a paid to b rs.1000 on behalf of c what is the entries in The books of a,b,c pls pass the entries
9 Answers ABC, Accenture, Genpact, Goldman Sachs, JPMorgan Chase, Okaya, Triburg,
what is budgeting and steps required to configure this.
1 Answers Meru Cabs, Virtual Studio,
how to pass the journal entry for tds dedcted on commission receivable
What is an Automatic Payment Program ?
deperication of manufacturing department in manufacturing overhead is a direct expence or indirect expence?explain with reason
What is accrued expenses .and what is differance between accrued Expenses & Accrued Income?
Who created snapit accounting?
can we adjust margin money paid to bank to open a Bank Guarantee in stock statement while calculating Drawing Power
Please advise how to calculate net asset....
what are accounting standards
tally interest entry journal entry income expance entry
Audit 
