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DP
Question Practice

Which statement is true regarding journal entries for asset disposal?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Accountancy
Financial Accounting - I
Depreciation, Provisions and Reserves
Question Bank

Which statement is true regard...

Single Answer MCQ
Q-00054314

Which statement is true regarding journal entries for asset disposal?

1

Only gains are recorded.

2

Both gains and losses must be recognized.

3

Only loss entries are necessary.

4

Depreciation is not considered.

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