CAN I SHOWN IN TRADING ACCOUNT OR NOT FOR FIXED ASSETS VALUE
PLZ REPLY ME
OR
HOW TO SHOWN IN BOOKS OF ACCOUNTS FOR SALE OF FIXED ASSETS ON WDV
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sale of fixed assets in wdv
Replies (1)
If we incured loss on sale of fixed Asset entry will be
Bank A/c Dr
Depreciation A/c (wdv) Dr
Loss on sale A/c Dr
To Fixed Assets A/c Cr
(Being asset sold )
Loss will be debited to profit and loss account .
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