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Surplus from sale of fixed assets

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(Querist)
08 June 2016 My query is whether profit/surplus from sale of fixed assets whose written down value has become nil can be transferred to 'Capital Reserves'.
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Rupesh Jain

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Rupesh Jain (Expert)
08 June 2016 value excess from the nominal value (purchase price) will tfr to capiltal reserve and balance transfer to profit & lkoss a/c .
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Jitendra Kumar

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Jitendra Kumar (Querist)
08 June 2016 Thank you Rupesh Sir for your valued opinion.
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