Profit on sale of an asset will be recorded in
(1) Trading A/c
(2) Profit and Loss A/c
(3) Suspense A/c
(4) Balance Sheet
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Answered by
1
profit on sale of asset will be recorded credit side of profit and loss account .
so option 2 is the answer
so option 2 is the answer
sujiritha95:
pls mark it as branliest answer
Answered by
1
Heyaa,
2 nd option is the correct answer.
Profit & Loss a/c.
Profit on sale of fixed asset will be recorded on P&L a/c.
☺️☺️☺️☺️.
2 nd option is the correct answer.
Profit & Loss a/c.
Profit on sale of fixed asset will be recorded on P&L a/c.
☺️☺️☺️☺️.
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