Loss on sales of fixed assets
This query is : Resolved
09 February 2022
whether loss on sales of business assets is deductible expenditure in profit and loss account ? block of fixed assets exist
10 February 2022
Such losses are deductible expenditure in profit and loss account if no block of fixed assets exist.
Sale proceeds can be credited to block of assets of if block exist.
Sale proceeds can be credited to block of assets of if block exist.
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