Creditors

I think you mean to say you get fixed asset from creditor.

Dr, Fixed Asset and Cr . Creditor (Name) and any faction you paid or recieve make entry for cash or bank.

AS 10.

If u have to return fixed assets back, entry would be Creditors a/c Dr. To fixed assetsa/c ( with amount of fixed assets to be given back) If u just to write back the amount standing to creditors and the respected fixed assets is depreciated Entry would be Creditors a/c Dr. To profit & loss a/c