Accounting 9706 · AS & A Level · Accounting for non-current assets

Accounting for non-current assets — practice question

A disposal account is used to show the sale of a non-current asset. Which transactions are entered on the credit side of the disposal account?

  • Acost, loss on disposal and sale proceeds
  • Bcost, profit on disposal and sale proceeds
  • Cdepreciation, loss on disposal and sale proceeds
  • Ddepreciation, profit on disposal and sale proceeds

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