£50,000 Cash Is Received on the Disposal of Property, Plant

Multiple Choice

£50,000 cash is received on the disposal of property, plant and equipment. What is the correct double entry to record this cash receipt in the books of account of an organisation?

A) Debit cash £50,000, Credit property, plant and equipment cost account £50,000.
B) Debit non-current asset disposals account £50,000, Credit cash £50,000.
C) Debit non-current asset disposals account £50,000, Credit property, plant and equipment cost account £50,000.
D) Debit cash £50,000, Credit non-current asset disposals account £50,000.