Why should the sale of a fixed asset not be recorded in a simple sales journal?

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Financial Accounting An Integrated Approach

ISBN: 9780170411028

7th Edition

Authors: Ken Trotman, Elizabeth Carson

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Question Posted: Aug 20, 2023 06:48 AM

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Why should the sale of a fixed asset not be recorded in a simple sales journal?

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The sale of a fixed asset should not be recorded in a simple sales journal because fixed assets and regular inventory items have different characteris...View the full answer

Financial Accounting An Integrated Approach

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