For sale of assets at the time of realisation, we debit account and credit account.
A
bank
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
capital
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
realisation
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
D
asset
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution
The correct options are A bank C realisation For sale of assets at the time of realisation, the journal entry will be - Bank A/c Dr. To Realisation A/c