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(Querist)
23 March 2016 a bill of 800 of old office furniture sold to ramu was enter in the sales book.the book value of furniture sold was 1200.
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FCMA CS Pardeep Khaneja

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FCMA CS Pardeep Khaneja (Expert)
23 March 2016 Sales A/c Debited With Rs . 800
Loss on Sale of furniture Debit Rs. 400
To Furniture (Fixed Assets) A/c Rs. 1200

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