Jeng Limited disposed a fixed asset in 1999 for N2,000. The asset was purchased in 1996 at a cost of N10,000 Posted on:
The accounting entries for recording cash withdrawal by the proprietor for personal use are, debit Posted on:
The depreciation method that allocates higher value to the use of an asset in its earlier years is Posted on:
Purchase of goods of N2,000 was treated as sales and entered in the sales day book and had been carried through the account as such. This error of Posted on:
