About fixed asset resale


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Querist : Anonymous

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Querist : Anonymous (Querist)
31 December 2015 i have purchase machinery worth rupees 500000 And Capitalized in My Unit After Two Month I have Transfer Machine to my other Unit So Can I book Profit on us???

31 December 2015 at what price did you transfer? And note that machine can NOT be sold to ourself.
If the 2 units you are referring are 2 distinct ENTITY, then you can do that.

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 December 2015 amount is 470000 and transfer my depot

31 December 2015 for internal control you can pass the entry. But the depot is of your own company, so no need to book loss


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