Sales of fixed assets

Dear Sir we sold the fixed assets last month, where we have show the sales of assets in kvat pls suggest me
Replies (1)

DEAR NAVEEN JI

YOU  NOT NEED TO ADD IN SALE A/C OF SALE  AMOUNT OF FIXED ASSEST.

YOU SHOULD  CREDIT THE BLOCK OF FIXED ASSET FROM WHICH  BLOCK YOU HAVE SALE .

AND DEBIT TO BANK  OR CASH A/C

GOOD LUCK 

 

 

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