CA CPT 2013 June Question Paper Fundamentals of Accounting for online practice

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Question : 15 of 60

Marks: +1, -0

Sold old furniture valued Rs.2,000 to Sona was recorded as sales, the book value of furniture was Rs.2,500. Whatwill be the rectifying entry?

Sales A/c Dr. 2000
Suspense A/c Dr. 500
To furniture A/c 2500
Sales A/c Dr. 2000
Loss on Sale of Furniture A/c Dr. 500
To Furniture A/c 2500
Sales A/c Dr. 2000
Suspense A/c Dr. 500
To Sona A/c 2500
Furniture A/c Dr. 2000
To sona A/c 2000

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