Question

Assets sold on credit are entered in​

Answer 1

Answer:

If sale of Assets is related to your business i.e sale of assets

Then following entry will be pass

Debtor/Customer A/C Dr. xxx

To Sale A/c. Dr. xxx

If Assets are sold which is not in your business i.e personal Assets sale

Following entry should be passed

Cash A/C Dr. xxx

Loss/Profit Dr. xxx

To Assets. xxx

careful during loss and profit on sale of asset is recorded in book's of Accounts!!

PLS Mark as Brainliest Answer!!