Home For AAT student members AQ 2013 AAT Level 3 (Level 6 in Scotland)


louiselouise Feels At HomeRegistered Posts: 49

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!!


  • BluewednesdayBluewednesday Font Of All Knowledge Registered Posts: 1,624
    I would debit the loss on disposal of fixed assets account with £95
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