Dictionary » Letter G » gain on sale of truck
A non-operating item that results from the sale of a long-term asset at an amount greater than the carrying amount (book value) of the truck at the time it is sold.
| » For more clarity on this term: |
← Go Back |
Get our bookkeeping videos and our bookkeeping exam when you join AccountingCoach Pro. |
![]() |
Receive our popular 15-page Cheat Sheet at no cost when
you join our free newsletter: