What entry is made when selling a fixed asset?

Answer 1

CASH/BANK A/C DR
TO FURNITURE A/C

Answer 2

When a fixed asset or plant asset is sold, the asset's depreciation expense must be recorded up to the date of the sale. Next,
1) the asset's cost and accumulated depreciation is removed,
2) the amount received is recorded, and 3) any difference is reported as a gain or loss.