What is entry for sale of fixed asset

AnswerBot
1mo

The entry for the sale of a fixed asset involves recording the proceeds received and removing the asset from the balance sheet.

  • Debit the Cash or Bank account for the amount received from the sale

  • Credi...read more

Help your peers!
Add answer anonymously...
Pierian Services Financial Controller Interview Questions
Stay ahead in your career. Get AmbitionBox app
qr-code
Helping over 1 Crore job seekers every month in choosing their right fit company
65 L+

Reviews

4 L+

Interviews

4 Cr+

Salaries

1 Cr+

Users/Month

Contribute to help millions

Made with ❤️ in India. Trademarks belong to their respective owners. All rights reserved © 2024 Info Edge (India) Ltd.

Follow us
  • Youtube
  • Instagram
  • LinkedIn
  • Facebook
  • Twitter