if u sale an asset for 10000, which has a book value of 8500.
what will be the journal entry???
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Answer Posted / 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 |
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