Journal Entry For Computer / Laptop Sale
Basically, there are two types of Journal Entries related to the sale of Computer (C) or Laptop (L). 1. When Computer or Laptop Sale that was previously used in the office. In that case, we record the entry as in the case of Sale of Fixed Assets / N on Current Assets . In such a case, two types of business transactions are considered as shown below: (i) When the computer / laptop sold for cash / check or cheque, then either there is a gai n, loss or no gain no loss situation. Here we consider a situation of gain, then the entry would be as shown below: Accumulated Depreciation - Computer / Laptop a/c XXX Cash a/c / B ank a/c XXX Computer a/c / Laptop a/c XXX ...