Answer / krishna

For Asset Purchase
DR Asset
CR Vendor

For Depreciation posting
DR Depreciation
CR Accumulated Depriciation

For Asset Sale
DR Asset Sale
DR Accumulated Depriciation
CR Asset a/c

For Asset Sale with out Customer
DR Sale of Asset
DR Accumulated Depreciation
CR Gain on Asset Sale
CR Asst A/c

For Asset Sale with customer
DR Customer
DR Accumulated Depreciation
DR Asset SAle
CR Asset Sale
CR Asset A/c
CR Gain on Asset Sale

For Asset Transfer one asset to another asset
DR New Asset
DR Accumulated depreciation
CR Old Asset
CR Depreciation Revenue

Answer / allauddin shaik

asset purchases entries

asset master dr
to vendor account

asset sales entries

01 cusmer act dr
50 sale of asset cr
70 acc deprisiation dr
75 asset master cr
40 sale of asset dr
50 profit of asset cr

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