Which of the following will be the effect when a fixed asset is sold at cost?
Reveal answer
Fill a bubble to check yourself
Keep practicing — related questions
- Increase in liability is credited and decrease in assets is credited. Is the statement correct?
- Depreciating fixed assets over their useful life is an example of which of the following concepts/conventions?
- Mr. Rishi sells goods at 20% above cost. His sales were Rs. 10,20,000 during the year. However, he sold dam...
- Among the following climatic factors, which one has the least effect upon a terrestrial ecosystem?
- Medical facility generally use streptomycin as an effective antibiotic. Who among the following discovered it?
- Which of the following has short-term effect on an individual's health?
- Which of the following is an effect of hepatitis disease?
- Directions: Choose the correct option to answer the following question. Which of the following is not menti...