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Please write the accounting entries for the following transactions specifically mentioning the account (s) to be debited and or credited: 1) Sale of fixed assets/property

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Please write the accounting entries for the following transactions specifically mentioning the account (s) to be debited and or credited: 1) Sale of fixed assets/property plant and equipment at a profit Dr Cr Collection made against an outstanding invoice from an customer Dr Cr Record outstanding liability for salaries at the year end Dr Cr Entry to record write-back of a creditor which is not going to be settled Dr Cr Recording purchases made during the year Dr Cr Reversing accrued expenses at the beginning of the year (recorded as outstanding at the year end in the previous year) Dr Cr Accounting for interest accrued on a fixed deposit Dr Cr Entry to record transfer made from the net profit for the year to a general reserve Dr Cr 3) 7) 8) Page 15

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