Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Carefully read the following journal entry of Abdullah Ltd Cash Account Dr $16,000 Accumulated Dep 50.000 To Plant Account 80 000 To Gain on Disposal

image text in transcribed
Carefully read the following journal entry of Abdullah Ltd Cash Account Dr $16,000 Accumulated Dep 50.000 To Plant Account 80 000 To Gain on Disposal of plant assets 6.000 Based on the above information, explain why is cash account debited? Also, explain why are plant and gain on disposal of plant assets accounts credited Give bref explanation of each = E 2 $ N x = 3 : T 3 U > 1 2 Bango Rengasamy TOSHIBA HOME DEL BACK 8 A9 SPACE NUM LOCK XP ( 7 V ENTER 1 1 E C ' E HOME

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Communication And Auditing A Step By Step Guide

Authors: Melanie McKay, Elizabeth Rosa

1st Edition

075931652X, 978-0759316522

More Books

Students also viewed these Accounting questions

Question

Describe the new structures for the HRM function. page 676

Answered: 1 week ago