{"id":3583,"date":"2025-10-28T14:06:01","date_gmt":"2025-10-28T14:06:01","guid":{"rendered":"https:\/\/learnwithkayes.com\/?page_id=3583"},"modified":"2026-04-28T10:38:16","modified_gmt":"2026-04-28T10:38:16","slug":"elementor-page-3583","status":"publish","type":"page","link":"https:\/\/learnwithkayes.com\/?page_id=3583","title":{"rendered":"Short notes on IGCSE Accounting"},"content":{"rendered":"\t\t
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Short notes on IGCSE Accounting<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Disposal account<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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-Sale of Non-Current Assets.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Step-1: Transfer non-current assets to Disposal account.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Journal entries:<\/strong><\/p>

Disposal account—————————Debit<\/p>

Non-current assets————————-Credit<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Step-2: Transfer Accumulated depreciation account to Disposal account.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Journal entries:<\/strong><\/p>

Accumulated depreciation —————-Debit<\/p>

Disposal account————————-Credit<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Step-3: Received cash\/cheque from sale of Non-current assets.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Journal entries:<\/strong><\/p>

Bank————————————Debit<\/p>

Disposal account————————-Credit<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Step-4 (A): Loss on sale of\u00a0 disposal.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Journal entries:<\/strong><\/p>

Income statem—————————Debit<\/p>

Disposal account————————-Credit<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Step-4 (B): Profit on sale of\u00a0 disposal.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Journal entries:<\/strong><\/p>

Disposal account—————————-Debit<\/p>

Income statement —————————Credi<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tDownload <\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\u00a0<\/p>

Exercises availabe for IGCSE & O’Level<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Short notes on IGCSE Accounting Disposal account -Sale of Non-Current Assets. Step-1: Transfer non-current assets to Disposal account. Journal entries: Disposal account—————————Debit Non-current assets————————-Credit Step-2: Transfer Accumulated depreciation account to Disposal account. Journal entries: Accumulated depreciation —————-Debit Disposal account————————-Credit Step-3: Received cash\/cheque from sale of Non-current assets. Journal entries: Bank————————————Debit Disposal account————————-Credit Step-4 (A): Loss […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_surecart_dashboard_logo_width":"180px","_surecart_dashboard_show_logo":true,"_surecart_dashboard_navigation_orders":true,"_surecart_dashboard_navigation_invoices":true,"_surecart_dashboard_navigation_subscriptions":true,"_surecart_dashboard_navigation_downloads":true,"_surecart_dashboard_navigation_billing":true,"_surecart_dashboard_navigation_account":true,"_uag_custom_page_level_css":"","site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-site-content-layout":"full-width-container","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-3583","page","type-page","status-publish","hentry"],"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false},"uagb_author_info":{"display_name":"Kayes","author_link":"https:\/\/learnwithkayes.com\/?author=1"},"uagb_comment_info":0,"uagb_excerpt":"Short notes on IGCSE Accounting Disposal account -Sale of Non-Current Assets. Step-1: Transfer non-current assets to Disposal account. Journal entries: Disposal account—————————Debit Non-current assets————————-Credit Step-2: Transfer Accumulated depreciation account to Disposal account. Journal entries: Accumulated depreciation —————-Debit Disposal account————————-Credit Step-3: Received cash\/cheque from sale of Non-current assets. Journal entries: Bank————————————Debit Disposal account————————-Credit Step-4 (A): Loss…","_links":{"self":[{"href":"https:\/\/learnwithkayes.com\/index.php?rest_route=\/wp\/v2\/pages\/3583","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/learnwithkayes.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/learnwithkayes.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/learnwithkayes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/learnwithkayes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3583"}],"version-history":[{"count":94,"href":"https:\/\/learnwithkayes.com\/index.php?rest_route=\/wp\/v2\/pages\/3583\/revisions"}],"predecessor-version":[{"id":6168,"href":"https:\/\/learnwithkayes.com\/index.php?rest_route=\/wp\/v2\/pages\/3583\/revisions\/6168"}],"wp:attachment":[{"href":"https:\/\/learnwithkayes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}