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Profit on sale of fixed assets

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(Querist)
12 September 2014 where will profit on sale of fixed assets reported in the balance sheet in the old t format. thnks in advance
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CA VISHWAKEERTHI.P.S.

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CA VISHWAKEERTHI.P.S. (Expert)
12 September 2014 It shall be transferred to capital account in case of individual , AOP, BOI . In other cases i.e., firm and company should pass through profit and loss account.

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