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Asset Disposal - Accounting notes

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07-11-2022

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Asset Disposal notes for grade 10 - grade 12 students. Notes on Asset Disposal steps as well as a few theory points for asset disposal

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accounting
notes
OSAL
AS

S
ET
P

I S
D

, STEPS FOR ASSET DISPOSAL

1.
(cost)
DR - Asset Disposal
CR - Vehicles

2.
(current year depreciation)
DR - Depreciation
CR - Account depreciated

3.
DR - Account depreciated
CR - Asset Disposal

4.
(sold)
DR - Bank / Debtors / Creditors / Drawings / Donations /
Scrap Account / Insurance
CR - Asset Disposal

5.
(profit / loss)
DR - Asset Disposal
CR - Profit on Disposal

DR - Loss on Disposal
CR - Asset Disposal

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Institution: 12th Grade
Course: Accounting
Schooljaar: 200

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Uploaded on: November 7, 2022
Number of pages: 9
Written in: 2022/2023
Type: INTERVIEW
Company: Unknown
Person: Unknown

Subjects

accounting notes
asset disposal
asset disposal grade 10
asset disposal grade 11
asset disposal grade 12
matric asset disposal
asset disposal notes
asset disposal accounting notes

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Asset Disposal - Accounting notes

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