[Debit] Accululated Depreciation xxxx
[Debit] Loss on disposal of asset xxxx
[Credit] Asset account xxxx
Entry 2
[debit] Profit and loss account xxxx
[Credit] Loss on disposal of asset xxxx
Debit fixed assetsCredit donations / retained earnings
debit asset and credit asset revaluation
debit donationcredit fixed asset
Debit Asset accountCredit retained earnings
[Debit] Asset / goods in kind [Credit] Share Capital
[Debit] Cash / bank xxxx [Credit] Sale of donated asset xxxx
[Debit] Debt Account xxxx [Credit] Asset/Equipment xxxx
Journal entry is the basic transaction to record the business transaction and without journal entry no record can be maintained.
Debit is to depreciation expense.
Debit cash / bank / asset in kind xxxx credit partner capital account xxxx
A journal records what you're findings are
You record he credit entry for transaction (a) 5/1 in the journal as