Not your question?
Ask your question
View similar questions
Add your answer here.Check out some similar questions!
How does the sale of a fixed asset affect financial statement
[ 2 Answers ]
Am struggling with how to post an entry on the sale of a fixed asset-if the asset was purchsed for 50,000 and there is still 25,000 owed on it and I have sold it for 40,000 how do I post this and what accounts are affected-is this only a balance sheet issue or does it affect an income account since...
Record the sale of a fixed asset
[ 3 Answers ]
How to record the sale of a fixed asset at year end?
Lost on sale of fixed asset
[ 1 Answers ]
If I have a lost on sale of fixed asset how do I categorize this on profit and loss statement. Other expenses?
Recording Sale of a Fixed Asset
[ 2 Answers ]
I need to record a journal entry to record the sale of one of my business vans and am not sure of what the entry would be. The net book value on my books is 1857 and I sold the van for 1500 therefore incurring a net loss of 357. The entry that I think that I have to record is as follows: Dr Cash... View more questions Search
|