Account entry for fixed assets sale
This query is : Resolved
27 June 2013
i had fixed assets rs 50000/- in books but actualy sold to rs 80000/- how to make accout entry
27 June 2013
Bank A/c Dr Rs 80000
To Fixed Asset A/c Rs 50000
To Profit on Sale of Fixed Asset A/c Rs 30000
To Fixed Asset A/c Rs 50000
To Profit on Sale of Fixed Asset A/c Rs 30000
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