adjustments!!!
louise
Registered Posts: 49 Regular contributor ⭐
adjustments!!!!
hello,
i sell an item for 550.00 and the actual cost is 645.00, it says not to adjust the accumulated depn,and there isnt a disposal account.
is it:
cr 645.oo to equipment :cost
dr bank with 550.00
suspense ac with 645 0r 550?
please, please explain!!
hello,
i sell an item for 550.00 and the actual cost is 645.00, it says not to adjust the accumulated depn,and there isnt a disposal account.
is it:
cr 645.oo to equipment :cost
dr bank with 550.00
suspense ac with 645 0r 550?
please, please explain!!
0
Comments
-
I would debit the loss on disposal of fixed assets account with £950
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