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Accounting entries for an asset destroyed during the year

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(Querist)
22 July 2020 Hi Experts,
Pl. advise:
Accounting entries for an asset destroyed during the year:
Op. Gross Value as on 01Apr2019 – Rs. 1,00,000/-
Op. Accumulated Depreciation as on 01Apr2019 – Rs. 60,000/-
Asset destroyed due to accident on 31Jul2019
Scrap value realized Rs. 2000
Thanking you in anticipation
Ramesh
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CA Ankith Jain

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CA Ankith Jain (Expert)
25 July 2020 Dr. Accumulated depreciation a/c (60,000) Dr. Loss due to accident (38,000) Dr. Cash (2,000) Cr. Asset a/c (100000)
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Asha Kanta Sharma

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Asha Kanta Sharma (Expert)
09 August 2020 I think proportionate depreciation should also be claimed for 2019-20....




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