Question

Sale of typewriter that has been used in the office should be credited to __________.

• A. Sales A/c
• B. Cash A/c
• C. Capital A/c
• D. Typewriter A/c

Answer 1

The correct option is D Typewriter A/c

Assets are the properties either tangible or intangible owned by a business.

Assets purchased by the business are not meant for the sale.

As per the golden rules of accounting, in real accounts we should Dr. what comes in and Cr. what goes out.

In the given question, we are given a fixed asset (typewriter) which we are selling, therefore asset account (typewriter) would be credited.