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Accounting treatment for fa

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 March 2013 we have fixed assets which shows Re 1/- as on 31.03.2012. during the year 2012-13 we sold some of the fixed asset carrying a value of re 1/-. now what is the accounting entries for this treatment??

reply plz its urgent
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
23 March 2013 Normal Sale of fixed asset entry need to make and remove the assets from book

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