if u sale an asset for 10000, which has a book value of 8500.
what will be the journal entry???
- 4 Answers
- 12191 Views
- ACS, EXL, I also Faced
- E-Mail Answers
Answer Posted / arvind
SALE A/C DR 10000
TO SALE OF PROFIT CR 1500
TO MACHINERY A/C CR 8500
| Is This Answer Correct ? | 0 Yes | 3 No |
Post New Answer View All Answers
Tell me by saying, perpetual or periodic inventory system; what do we mean?
Real,Nominal or Personal. Where do reserves, general reserve and Specific Reserve Go? and why?
in our co we are sales of good to branch in order sales+fright, branch made jv entry in own book as full amount debit and credit. now our book show sales without freight but branch shows including freight that why differences is arise due to wrong entry passes pls clarify this entry and this entry is done last year book now balance is finalize.
6. Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?
What is fair value accounting definition?
Mention what is bank reconciliation?
Define each Flexfeild qualifiers (natural accounts, balancing acc., secondary tracking, cost center)
what is the difference between profit center area and business are.? please make me clear.
Explain fictitious assets?
What is normative accounting?
when we purchase of tractors and two wheeler vehicle from other state what we get taxes exemptions
Assigning natural account to accounting seg. What will happen
What are negative postings?What are Credit memos ?Payment Requests ?
What will be the journal entry of purchase and sale for ac purchased for 40000 vat 5% sold for 45000 vat5%
Explain things that fall under intangible asset?
