Which of the following is used to record the disposal of ...
Which of the following is used to record the disposal of a fixed asset?
Journal proper
Petty cash book
Sales day book
Purchase day book
Correct answer is A
The journal proper is in recording books with original entries used for miscellaneous credit transactions that do not fit into other recorded books. The journal is maintained like a simple journal to record opening entries, closing entries, transfer entries, adjustment entries,rectification entries, and rare transactions.
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