Question
Tony sold a non-current asset with a net book value of $1,500 for $1,600. The cash received was correctly recorded in the bank account, but
Tony sold a non-current asset with a net book value of $1,500 for $1,600. The cash received was correctly
recorded in the bank account, but was credited to the sales account. Tony made no entries in the non-current
asset accounts in the general ledger in respect of the sale
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Management Accounting
Authors: Anthony A Atkinson, Robert S Kaplan
5th Edition
136005314, 978-0136005315
