SALE OF NCA PART 2
12th Grade - University
•10 Qs
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SALE OF NCA PART 2
Quiz
•
Business
•
12th Grade - University
•
Medium
norsiahsemuni norsiahsemuni
Used 1+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
GAIN on sale of nca
Other INCOME
Other EXPENSE
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
To calculate gain/loss from sale of nca
Selling price - Cost
Selling price - Net book value
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Selling price < Net book value =
GAIN on sale of nca
LOSS on sale of nca
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
When nca is sold,
DR nca
CR sale of nca
DR sale of nca
CR nca
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
When nca is sold,
DR sale of nca
CR acc dep
DR acc dep
CR sale of nca
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
When nca is sold
DR cash/ tr
CR sale of nca
DR sale of nca
CR cash/tr
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
To record a GAIN from sale of nca
DR income summary
CR sale of nca
DR sale of nca
CR income summary
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