An asset is having the book value of Rs. 50,000 was sold for Rs.36,000. The asset account will be credited with .

Rs. 14,000

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Rs. 36,000

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Rs. 50,000

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Rs. 64,000

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Solution

The correct option is C Rs. 50,000
An asset is having the book value of Rs. 50,000 was sold for Rs.36,000. The asset account will be credited with Rs. 50,000 and bank account will be debited with Rs. 36,000.

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An asset is having the book value of Rs. 50,000 was sold for Rs.36,000. The asset account will be credited with .

The correct option is C Rs. 50,000An asset is having the book value of Rs. 50,000 was sold for Rs.36,000. The asset account will be credited with Rs. 50,000 and bank account will be debited with Rs. 36,000.

The correct option is C Rs. 50,000
An asset is having the book value of Rs. 50,000 was sold for Rs.36,000. The asset account will be credited with Rs. 50,000 and bank account will be debited with Rs. 36,000.