hi all,
how to pass sale of fixed asset entry in tally with sale invoice print option.
thanks in advance
bank. Dr
To fixed asset
in case of profit or loss on sale it will be debited if loss and credited if profit arises
Giridhar S Karandikar
(Team Lead)
(7543 Points)
Replied 18 February 2019
kiran
(student)
(71 Points)
Replied 18 February 2019
prasad Nilugal
( GST Practitioner & Accounts )
(14171 Points)
Replied 18 February 2019
If loss on sale of Asset
1) Bank A/c Dr
Depreciation A/c Dr
Profit & Loss A/c Dr
To Asset A/c Cr
( Being asset sold & loss transfer to P&L after considering depreciation )
2) In case profit on sale of asset only profit & Loss A/c will be credited on above given entry
kiran
(student)
(71 Points)
Replied 18 February 2019
satish
(teaching)
(2046 Points)
Replied 19 February 2019
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