A loss made on the disposal of a fixed assets is debited ...
A loss made on the disposal of a fixed assets is debited to
Sales account
Purchases account
Profit and loss account
Capital account
Correct answer is C
Loss on sale; Debit cash for the amount received, debit all accumulated depreciation, debit the loss on sale of asset account, and credit the fixed asset
The effect of the payment of liability is that it ...
When a share is sold for less than its nominal value, the difference is called ...
Trading Account of Umeh Enterprises for the year ended 31st December 2019 ...
Where there is no agreement made by the partners, the following provisions takes place except ...
The major source of revenue for central/federal government is ...