Unusable fixed asset and disposal

A/c entries 942 views 1 replies

Sir

Please give me the proper entries with an example  about unusable fixed asset /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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