Fixed assets query


This query is : Resolved 

29 March 2013 CAN WE SALE A ASSET ON PROFIT OR LOSS WITHOUT CAPITALISED

WITHOUT CAPITALISED MEANS IN CWIP A/C

29 March 2013 if it is your business.
otherwise when you purchase an asset it will automaticlly come in fixed asset register

03 April 2013 SIR

UNABLE TO UNDERSTAND THE MEANING OF IF IT IS YOUR BUSINESS? I AM WORKING IN A INDUSTRY. NOW ADVISE CAN WE SALE A ASSET ON PROFIT OR LOSS IN CWIP A/C MEANS WITHOUT CAPITALISED.

05 April 2013 it means if it is your business to sell purchase of that asset then this is not capitalised.
if the asset is your fixed asset then it will be capitalised first


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