Journal Entries for sale of assets where WDV is more than Sale Value.

AnswerBot
1y

Journal entries for sale of assets with WDV more than sale value.

  • Debit the asset account for the WDV amount

  • Credit the accumulated depreciation account for the total depreciation

  • Credit the asset dispos...read more

Manjeet singh
1y

Bank A/c Dr.
Loss on Sale of Asset A/c Dr.
Asset A/c Cr.

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