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Fixed assets

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anita (Querist)
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02 October 2020 I have disposed off the asset whose value was not included in my fixed asset list. Now the asset shows in trial balance is less than in actual.please asbise

CA Kushwanth AVSR

CA Kushwanth AVSR (Expert)
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03 October 2020 Is the asset shown in books of accounts.?
If yes, under which head and whether depreciation is calculated or not --> every year.?
Is the business received sale proceeds or the owner received.?

anita (Querist)
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09 October 2020 No ,it is not shown in fixed assets but disposed off in fixed assets

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