Asset Sale

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account manager
26 Points Posted on 06 January 2021

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

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On 06 January 2021 at 11:56 Report
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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.

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Chartered Accountant
24588 Points Posted on 06 January 2021
Asset a/c dr
to sales a/c
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On 06 January 2021 at 12:10
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3924 Points Posted on 06 January 2021
What is sale value ? please clarify .
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On 06 January 2021 at 12:56
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Accountant
4533 Points Posted on 09 January 2021
Sale amt kya hai bhai
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On 09 January 2021 at 20:11

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