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When you sell an asset at a price higher than the original cost of asset how is it treated in the books?
If it's a fixed asset, it's treated as a gain. The amount of gain is booked in the "Gain on Sale of Assets" revenue account (or something similar). The typical entry would be:
Debit Cash (or Accounts Receivable)
Credit Fixed Assets (or whatever account held the asset you're selling)
Debit Accumulated Depreciation (if your asset had any A/D)
Credit Gain on Sale
If you're talking about selling inventory, that's a different matter.
What else can I help you with?
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Amounts owed to a business that are on a credit basis are considered a current asset on the books and
Amounts owed to a business that are on a credit basis are considered a current asset on the books and...?
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
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Amounts owed to a business that are on a credit basis are considered a current asset on the books and
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Amounts owed to a business that are on a credit basis are considered a current asset on the books and
Natural capital consists of?
In the accounting world, natural capital is the land or bodies of water that are on your land. These things would be considered an asset in your books.
Is prepaid rent an asset or liability in the books of the payer?
asset
What are The Amounts on the books that are on a credit basis are considered a current asset on the books and?
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
Amounts owed to a business that are on a credit basis are considered a current asset on the books and?
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
Amounts owed to a business that are on a credit basis are considered a current asset on the books and.?
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
Are Amounts owed to a business that are on a credit basis are considered a current asset on the books and?
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
Amounts owed to a business that are on a credit basis are considered a current asset on the books and...?
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
What amounts owed to a business that are on a credit basis are considered a current asset on the books and...?
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
Amount owed to a business that are on a credit basis are considered a current asset on the books and?
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
What are amounts owed to business that are on a credit basis are considered a current asset on the books and?
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
What is Amounts owed to a business that are on a credit basis are considered a current asset on the books and?
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
What is software asset management and where can I find books about it?
Software asset management is connected to IT infrastructure library services. Amazon.com sells a variety of books and informational tools related to the topic.
How do you account for an asset at the end of the year that you have purchased in cash but is still in court's custody and not in your company's custody?
The determining factor is the ownership, not the custody of the asset. You account for it as an asset in your books.
