Sale of Office Equipment Journal Entry
When there is a Sale of Equipment or sale of Office Fur niture , then the Accounting Journal Entry depends upon the gains or loss or no gain no loss cases. You Ca n Also Study, “ Disposal Of Depreciable Assets ” (i) Where there is a Gain, then the entry is given below: Accumulated Depreciation - Equipme nt a/c / Fur niture a/c XXX Cash a/c XXX Equipme nt / Furniture a/c XXX Gains on Disposal of Equipme nt / Fur niture a/c XXX ...