Sale of Fixed Asset reporting in Fixed Asset Chart asper compnies Act
This query is : Open
02 September 2025
Please help how to report sale of asset in Fixed Asset Chart as per con]mpanies Act.
OP. Gross Block Rs. 39,50,000.00 out of which A asset of original cost 14,50,000 was sold during the year 2024-25.
OP acumulated Depr. 28,40,000.00 (including accumuated depr. of Sold Asset of Rs.384000.00, current year depr. 218000 (including Depr.on sold asset of Rs. 1,40,000.00). Sale Proceed of Asset 725000.00, asset acuired on 2021-22 & asset life 8 years
OP. Gross Block Rs. 39,50,000.00 out of which A asset of original cost 14,50,000 was sold during the year 2024-25.
OP acumulated Depr. 28,40,000.00 (including accumuated depr. of Sold Asset of Rs.384000.00, current year depr. 218000 (including Depr.on sold asset of Rs. 1,40,000.00). Sale Proceed of Asset 725000.00, asset acuired on 2021-22 & asset life 8 years
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