Asset Disposal Account Class 11 Provision for Depreciation Depreciation Accounting

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Understand how to prepare Asset Disposal Account along with Provision for Depreciation Account for class 11 Depreciation Accounting. • Asset Disposal Account is prepared at the time of sale, write off, discarding or transfer of a fixed asset like machinery by the business. Asset Disposal Account shows the net gain or loss when asset is disposed off by the business. • The debit side of Asset Disposal Account shows the cost of the asset and the credit side shows the accumulated depreciation on such asset. The net sale proceeds are recorded on the credit side of the account. The difference will be Net Profit (when credit side is greater than debit side) or Net Loss (when debit side is greater than the credit side). • . • . • . • . • . • 👍 Keep learning and keep growing with us!! • ✅ If you like this video , please Like , Comment , Share Subscribe our Channel • Also Join our telegram channels: • ✅ Class 11 Accounts by CA Manish Mahajan: https://t.me/class11accountsbycamanish • ✅ Class 11 Economics by CA Manish Mahajan: https://t.me/class11economicsbycamanish • ✅ Class 12 Accounts by CA Manish Mahajan: https://t.me/class12accountsbycamanish • ✅ Class 12 Economics by CA Manish Mahajan: https://t.me/class12economicsbycamanish • ✅ This channel helps you understand the concepts related to : • Class 11 Accountancy; Class 11 Economics; Class 12 Accountancy; Class 12 Economics; CA and CS Foundation basics • . • . • . • . • CA Manish Mahajan is a first class commerce graduate from Panjab University, having done his graduation in B.Com (Finance Hons.) from GGDSD College, Chandigarh. He qualified Chartered Accountancy course in 2010 and was placed in merit list (31st All India Rank in Final and 22nd All India Rank in Foundation). He possesses a vast experience of more than 15 Years in teaching Accountancy, Economics and Mathematics to the students of Classes +1 and+2 and also mentored the students of B.Com and CA. He has authored the books on Accountancy, Economics and Indirect Tax Laws. His unique lecture delivery and practical method of teaching, helps the student to easily grasp and remember the subject. • This Channel provides all the educational content for the students of class 11 and class 12 for subjects Accounts and Economics. Here you get regular organized content for complete course study. • You can Contact / WhatsApp us on the following numbers for further assistance: • CA Manish Mahajan : ☎️ 7888695588, Concepts Commerce Academy • Email: [email protected] • Our website: https://conceptsacademy.in/ • Like us on Facebook - / conceptscommerceacademy • Follow us on Instagram - / conceptscommerceacademy • Download our mobile learning App - https://play.google.com/store/apps/de... • #assetdisposalaccount #assetdisposal #provisionfordepreciation #accumulateddepreciation #straightlinemethod #fixedinstalmentmethod #Depreciation #depreciationaccounting # SLM #WDV #methodsofdepreciation #depreciationinaccounts #writtendownvaluemethod #class11 #accounts

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