Computer value 5000
Deprecation 3000
Book vale 2000
Sold for 2000
Pass entry?
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Answer Posted / 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 |
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