Asset Sale

Dear Sir,

 

please suggest the asset sale entry

cost of asset  813616

Depreciation reserve 772935.04

scrap value    40681

please guide me of accounting entry procedgure

Replies (3)
Quick Summary
This discussion seeks guidance on the accounting entries for an asset sale. Specifically, it asks for clarification on the entry cost of an asset, considering its depreciation reserve and scrap value. The user is requesting the correct debit and credit entries for the asset sale and needs to understand what the sale value should be.

Asset a/c dr
to sales a/c
What is sale value ? please clarify .
Sale amt kya hai bhai

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