Loss on sale of fixed asset how to show in final accounts
This query is : Resolved
21 February 2012
Loss on Sale Goods vehicle (Fixed Asset) in partnership firm how to show in Final Accounts i.e. can I show in P&L or deducted from Capital of Partners
21 February 2012
need to be shown in p&l only. no need to show as deduction from partners capital
Guest
Guest
(Expert)
22 February 2012
Show as seperate item of expense in profit & loss a/c.
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