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Querist : Anonymous

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Querist : Anonymous (Querist)
19 October 2012 1.Accounts which is decreased with a debit?

receivable,depreciation expense,sales,equipment

2.old equipment and received $7600 in cash.the book value of the equipment was 7000.journal entry..?
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CA C.JANANI

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CA C.JANANI (Expert)
19 October 2012 1. Not clear.

2. The enrty is

Bank or Cash A/c dr 7600
To Old Equipment A/c 7000
To Profit on sale of equipment A/c 600
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Querist : Anonymous

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Querist : Anonymous (Querist)
19 October 2012 1.Accounts which is decreased with a debit? receivable,depreciation expense,sales,equipment




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