Answer Posted / 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
| Is This Answer Correct ? | 9 Yes | 1 No |
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