if u sale an asset for Rs.1000, which shows the book value of
8600. what will be the journal entry???
Answer Posted / akram khan
Purchaser a/c dr 10000
To Asset a/c 8600
To profit a/c 1400
| Is This Answer Correct ? | 8 Yes | 27 No |
Post New Answer View All Answers
What is a ledger in regards to accounting?
What is computerized accounting?
what are the limitations of accounting ratios?
Explain what does the standard journal entry includes?
when we purchase of tractors and two wheeler vehicle from other state what we get taxes exemptions
If a promoter has purchased an asset on behalf of the company before the incorporation of the same then what will be the accounting treatment to record the asset in the books of company
credit card expenses entry kisme pass karenge
hai! i am a BE(computer science) graduate with 54% of aggregate looking for bank clerk job? in interview they are asking why are you looking for a bank job and what guareente that once you are selected ? plz guide me?
How Advances to suppliers for purchase of raw materials is to be considered while calculating Drawing Power
Tell me what do you think is bank reconciliation statement?
Tell me what is working capital?
What are the reasons which cause pass book of the bank and your bank book not tally?
Explain me by saying, perpetual or periodic inventory system; what do we mean?
what is bank aceleted?
What are the various systems of accounting? Explain them.