Profit or Loss on Sale of Asset | Depreciation Accounting Explained with Examples 📘📉 скачать в хорошем качестве

Profit or Loss on Sale of Asset | Depreciation Accounting Explained with Examples 📘📉

This video explains how to calculate profit or loss on the sale or disposal of a fixed asset under depreciation accounting. 📘📉 When an asset is sold or disposed of, its book value is determined by deducting accumulated depreciation from the original cost. 📊🧾 If the sale proceeds are higher than the book value, the difference is treated as profit on sale of asset. If the proceeds are lower, it results in a loss on sale of asset. 💼⚖️ The video covers journal entries, treatment in the Profit and Loss Account, and correct accounting presentation. This topic is essential for Class 11, Class 12, and B.Com students learning depreciation accounting. 🎓📚 #accountancy #accounting #commerce #education #educational #education #educationalvideo #information #long#ytlongvideos#youtubelongvideo