debit accumulated depreciation
credit asset
debit loss of assetscredit fixed asset account
[Debit] Accumulated Depreciation [Debit] Cash (if any) [Credit] Assets
Debit Accumulated Depreciation. Credit the appropriate Fixed Asset account for the originally capitalized amount. Note: Asset retired and donated.
debit cash / bankdebit accumulated depreciationdebit loss (if any)credit fixed asset accountcredit profit (if any)
Debit retained earnings / amortizationCredit goodwill account
debit loss of assetscredit fixed asset account
Debit accumulated depreciationdebit loss on disposalCredit fixed asset account
journal entry to write off a loan
debit accumulated depreciationdebit loss on assetcredit fixed asset account
[Debit] Accumulated Depreciation [Debit] Cash (if any) [Credit] Assets
Debit Accumulated Depreciation. Credit the appropriate Fixed Asset account for the originally capitalized amount. Note: Asset retired and donated.
example suman moters of rs 10000 is write off then what is the entry
dr loss on asset retirement dr accumulated depreciation cr asset-server if sold cash would be debited and loss would be debited or gain credited
debit cash / bankdebit accumulated depreciationdebit loss (if any)credit fixed asset accountcredit profit (if any)
debit Retained earningscredit loan to company
Debit bankCredit retained earnings
Debit notes payableCredit cash /bank