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Fixed assets

This query is : Resolved 
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(Querist)
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
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CA Kushwanth AVSR

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CA Kushwanth AVSR (Expert)
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.?
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anita

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