ALL CHAPTERS
ALL CHAPTERS
QUESTION 1 OF 7
CHAPTER 12
Sale of Non-Current Asset
What is the correct journal entry to transfer the original cost of the Motor vehicle sold to the 'sale of NCA' account?
Choose one answer
A
Debit: Sale of non-current asset Credit: Motor vehicle
B
Debit: Cash at bank Credit Motor vehicle
C
Debit: Cash at bank Credit: Sale of non-current asset
D
Debit: Sale of non-current asset Credit: Income summary
CHECK ANSWER
