The double entry to record the proceeds on disposal of as...
The double entry to record the proceeds on disposal of assets in debit
Bank account; credit asset disposal account
Asset disposal account; credit bank account
Provision for depreciation account; credit asset disposal account
Asset disposal account; credit provision for depreciation account
Correct answer is C
Debit provision for Depreciation account (to remove the equipment's up-to-date accumulated depreciation), Credit the account Equipment (asset disposal account) to remove the equipment's cost.
Kadiri paid his debt to Suleman by cheque. The accounting entries in Kadiri s books are: debit ...
The sum of direct cost in a manufacturing account is ...
\(\begin{array}{c|c} \text{Branch stock account (at selling price)} & D346,000 - debit \\ \text{...
The portion of the authorizes capital which has been allotted to members is ...
Zazzau Company: Cash in hand................N50 Cash in bank................N1,250 Stock..........
An entry in a subsidiary book which does not form part of the double entry system is a ...
Use the following information to answer the given question: SALES LEDGER CONTROL ACCOUNTS \(\b...