A loss made on the disposal of a fixed assets is debited ...
A loss made on the disposal of a fixed assets is debited to
Sales account
Purchases account
Profit and loss account
Capital account
Correct answer is C
Loss on sale; Debit cash for the amount received, debit all accumulated depreciation, debit the loss on sale of asset account, and credit the fixed asset
Use the following to answer the given question Creditors Control Account: \(\begin{array}{c|c}...
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Which of the following item is found on the credit side of the sales ledger control account? ...
When the purchase consideration exceeds the value of business, the difference is ...
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