Which of the following is used to record the disposal of a fixed asset?
-
A.
journal proper -
B.
petty cash book -
C.
sales day book -
D.
purchase day book
Correct Answer: Option A
Explanation
The journal proper is in recording books with original entries used for miscellaneous credit transactions that do not fit into other recorded books. The journal is maintained like a simple journal to record opening entries, closing entries, transfer entries, adjustment entries,rectification entries, and rare transactions.