General Accounting Question:

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Asset value rs 10,000/- sold for rs 5500/- depreciation for the year rs 2000/- pass journal entries?

Accounting General Interview Question
Accounting General Interview Question

Answers:

Answer #1
Depracation A/C Dr
To Machinery A/C Cr

Answer #2
Cash/Bank Dr 5500
Depreciation Dr 2000
Loss Dr 2500
To Asset 10000

Answer #3
Depreciation A/c - Dr. 2000.00
Profit & Loss A/c - Dr. 2500.00
Cash/Bank A/c - Dr. 5500.00
To, Assets A/c - Cr. 10000.00

Answer #4
Bank A/C Dr. 5500
Deprication A/c Dr. 2000
P/L A/c Dr. 2500
To Machinary A/c 10000

Answer #5
1 Depreacation A/c dr
to Machinery(asset) A/c cr

2 Profit & loss A/c dr
to Machinery (asset)A/c cr.

Answer #6
1. Depreciation Dr 2000
Accumulated Depreciation Cr 2000
after sales
2. Accumulated Depreciation Dr 10000
Asset Cr 10000
(Here assets value goes zero and Accu Dep bal is 8000 dr)
3. Cash Dr 5500
Loss on Assets Dr 2500
Accumulated Depreciation Cr 8000
Thank you

Answer #7
Bank A/C Dr. 5500
P&L A/C Dr. 2500
To Machinery A/C 8000

Answer #8
cash/bank a/c dr. 5500
depreciation a/c dr. 2000
loss on sale of machinery a/c dr. 2500
To machinery a/c 10000

Answer #9
1st - Recording Depreciation
Depreciation A/c Dr - 2000
To Machinery - 2000
2nd for sale of machinery
Machinery A/c Dr - 7000
To Sale of Machinery 5500
To loss on Sale of Machinery - 1500

Answer #10
Cash A/C Dr 5500
Depreciation A/C Dr 2000
P & L A/C ( Loss ) 2500
Machinery A/c 10000

Answer #11
bank a/c....5500
p&l a/c......4500
to assets.......8000
to dep..........2000

Answer #12
Depreciation A\C Dr 2000
P&L A\C Dr 2500
Bank A\C Dr 5500
To Asset A\C Cr 10000

Answer #13
bank a/c dr 5500
dep a/c dr 2000
Profit & loss Dr 2500
To MAchinery A/c Cr 10000

Answer #14
Depreciation A/c Dr 2000
Machinery A/ c Cr 2000
Loss on sale of MachineryA/c Dr 2500
Bank A/c Dr 5500
Machinery A/c Cr 8000

Answer #15
Cash. Dr 5500
P/L(loss). Dr.2500(8000-5500)
To Net Assets. 8000(10000-2000)

Answer #16
Depreciation A/c - 2000
Cash/bank A/c - 5500
Loss on goods sold - 2500
To Asset A/c - 10,000

Answer #17
1) Depreciation A/C Dr 2000
To Machinery A/C 2000
2) Cash/Bank A/c Dr 5500
PNL A/C Dr 2500
TO Machinery A/C 8000

Answer #18
Bank A/c Dr Rs 5,500.00
Depriciation A/c Dr Rs. 2,000.00
Loss on Machinery A/c Dr. Rs. 2,500.00
To Machinery A/c Rs. 10,000.00

Answer #19
Bank A/c Dr. 5500
Depreciation A/c Dr. 2000
SP&L or Loss on sale of FA A/c Dr. 2500
To Asset A/c 10000

Answer #20
cash act dr 5500
dep act dr 2000
loss on asset dr 2500
To asset act. 10000

Answer #21
Cash A/c Dr. 5500
Depreciation A/c Dr. 2000
profit & Loss A/c Dr. 2500
To Machinery A/c 10000

Answer #22
sale of machinarey account dr 5500
profit and account account dr 2500
To machinary accoutn 8000

Answer #23
cash ac Dr
Dep on machine ac Dr
loss on sale ac Dr
to machine cr
Being machine sold.

Answer #24
Depreciation A/C DR 2000
Loss on disposal A/C DR 2500
Cash A/C DR 5500
To Machine 10000

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