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-   -   ACCOUNTING(ROA) return of non-current assets (https://www.askmehelpdesk.com/showthread.php?t=89019)

  • May 3, 2007, 10:51 PM
    s11004987
    ACCOUNTING(ROA) return of non-current assets
    Hi,
    Please help me clear my confusion
    My question is, I return a damaged furniture worth of 680 which I originally bought for 2680.
    What account will be credited and what account will be debited?
  • May 3, 2007, 10:53 PM
    s11004987
    Quote:
    Originally Posted by s11004987
    Hi,
    Please help me clear my confusion
    my question is, i return a damaged furniture worth of 680 which i originally bought for 2680.
    what account will be credited and what account will be debited?
    Furniture account will be credited and accounts payable accounts will be debited
  • May 5, 2007, 03:46 AM
    venugopalarao
    Accounts payable a/c dr
    To furniture a/c

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