sale of fixed assets in wdv

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ACCOUNTANT
142 Points Posted on 22 June 2018
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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On 22 June 2018 at 18:38 Report
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GST Practitioner & Accounts
15146 Points Posted on 22 June 2018

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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On 22 June 2018 at 20:24

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