Question
On 31st July, after the depreciation charge was made, the company sold some surplus to requirement Shop Furniture & Fittings that had a written down
On 31st July, after the depreciation charge was made, the company sold some surplus to requirement Shop Furniture & Fittings that had a written down value of $12,400 at the same of sale, for $14,300.00 (GST inclusive) cash. The shop furniture & fittings had originally cost the company $25,000.
Assume you are a professional accountant, how would you record this adjusting entry?
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Principles Of Food Beverage And Labor Cost Controls
Authors: Paul R. Dittmer, J. Desmond Keefe
8th Edition
0471429929, 978-0471429920
