Question

Sale of old office equipment will be credited to __________.

• A. sales a/c
• B. office equipment a/c
• C. suspense a/c
• D. profile and loss appropriation a/c

Answer 1

Answer: (B)

office equipment a/c

Sale of any asset should be credited to the respective asset account.

Below journal entry has to be passed at the time of sale of asset:

Cash/Bank Account Dr.

To Office Equipment Account

Sales of normal traded goods should be credited to sales account.