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📖 generic · CBSE Class 11 English medium · ACCOUNTANCY · Page 27poem

disposal account is as follows:

Chapter 7: Depreciation, Provisions and Reserves · ACCOUNTANCY

disposal account is as follows: . Asset Disposal A/c Dr. (with the original cost of asset, To Asset A/c being sold) . Provision for Depreciation A/c Dr. (with the accumulated balance in To Asset Disposal A/c provision for depreciation account) . Bank A/c Dr. (with the net sales proceeds) To Asset Disposal A/c Asset Disposal Account may ultimately show a debit or credit balance.

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