A disposal account is a gain or loss account that appears in the income statement, and in which is recorded the difference between the disposal proceeds and the net carrying amount of the fixed asset being disposed of.
Property disposal
revenue account
An accounting staff is a staff made up of accountants. An accounting staff can have many duties, such as financial advisement, account maintenance, and account management.
tie out
What entry can we post to Office Maintenance Account in accounting
No bank account is a Personal account in Accounting
Debit cash proceeds Credit investment credit gain on loss of disposal
Property disposal
revenue account
An accounting staff is a staff made up of accountants. An accounting staff can have many duties, such as financial advisement, account maintenance, and account management.
tie out
It does not exist
What entry can we post to Office Maintenance Account in accounting
account or accounting equation
the accounting concept that separate the personal account from the business account is business separate entity concept
What entry can we post to Office Maintenance Account in accounting
Drawings in accounting are recorded as a double entry in the cash book. This is a credit to the bank account and a debit to the cash account.