At the time of addition
Assets NA account -------dr
To asset clearing account ----CR
At the time of retirement
the nbv amount has been moved to the gain & loss account.
In sale case
we need to pass a journal entry to transfer the amount from gain & loss account cr and asset sale clearing account cr.
Explain What is about Future Period and Adjustment Period?
Explain What is meant by business?
What is the difference between ledger and general ledger?
how strong in finance? justify sensex is the backbone of national income? Assume that you are going to merge one company? what are the steps are u taken?
Explain What is procedure for testing after implementation as functional consultant?
Tell me what are control ledgers?
Explain What qualities have you got that would make you a good accountant?
What does a ledger posting means?
What does mean by business as a general ledger?
Please tell us why should we hire you as a general ledger?
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