if u sale an asset for 10000, which has a book value of 8500.
what will be the journal entry???
- 4 Answers
- 12510 Views
- ACS, EXL, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / shotheesh choorapra
cash a/c 10000
To Sales 8500
P&l A/c 1500
| Is This Answer Correct ? | 37 Yes | 9 No |
Answer / 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 |
Answer / sumana jana
cash value dr 10000
to asset 8500
p&l a/c 1500
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / arvind
SALE A/C DR 10000
TO SALE OF PROFIT CR 1500
TO MACHINERY A/C CR 8500
| Is This Answer Correct ? | 0 Yes | 3 No |
what is meant by statutory payments?
What is peach tree accounting?
Is push down accounting accepted under generally accepted accounting standards?
What will be the journal entry for the following - 1)Goods purchased from Mohan for Rs 5000 2)Goods purchased from Mohan on credit Rs 3000 3)Salary paid to Mohan 4)A sum of Rs 120 is realized on the sale of old furniture
10 Answers ICICI, State Bank Of India SBI, Toshiba,
What is difference between SEZ Developer & SEZ Unit?
2 Answers ABC, Jubilant Organosys,
Explain me what is tally accounting?
what is the deference between depreciation explanation
WRITE ABOUT ANY 1 "WOMENS ARE BEST MANAGEMENT PERSON" "IF UR FINANCE MINISTER OF INDIA" "V R RESPONSIBLE FOR OUR ENVIRONMENT"
process for creating a balance sheet
i purchase a vehicle rs 500000,including vat 5% , registration fee rs 40420 and insuarance fee 18500, after the use two year i sale it. how to calculate it cost? what entry in tally?
Which Entries Or Transactions Are Entered In Journal Voucher?
Is an "account receivable" and "goodwill" real accounts in accounting?
Audit 
