Sir
Please give me the proper entries with an example about unusable fixed asset /Disposal
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Unusable fixed asset and disposal
Replies (1)
Loss on disposal of Fixed Assets A/c Dr. xxxx [balancing figure]
Provision for Depreciation / Accumlated Depreciation A/c Dr. xxxx [Dep. on Assets charged till date]
To Fixed Assets A/c xxxx [Gross Value]
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