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
Subscriptions received in advance are ...
The effect of overstating revenue expenditure in the profit and loss account is that the ...
Use the following information to answer the question \(\begin{array}{c|c} & Ade & Bola\\ &a...
Which of the following transaction is BEST recorded in the general journal? ...
Which of the following is not a balance sheet item? ...
Dr. Sales Ledger Control Account . Cr ₦ ₦ ...
Turaki Youth Club Income and Expenditure for the year ended 31/12/04 N N Bal.b/d 3...