Journal Entries For Sale of Fixed Assets
The company may sell its assets before the end of asset’s lifetime due to the lesser performance of that assets. Due …
Month: December 2018
Accounting Entries for “Sales Return” and ” Purchase Return”
Sales Return Journal Sales may be returned by the customer due to defective quality, error, oversupply etc. In order to …
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What is Sales Day Book And Purchase Day Book?
Topic Overview Sales day book is the original entry book in respect of credit sales Purchase day book is the …
What is Depreciation? What are the Methods of Depreciation?
Topic Overview Depreciation is the allocation of fixed cost over its useful Depreciation rate can be changed due to rapid …
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