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Fixed assets

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(Querist)
06 July 2013 if we sale a fixed assets and the realized value is more than the book value of the same. then which a/c is credited with the diff. i.e. diff is a profit or capital introduced
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Hemant Kumar

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Hemant Kumar (Expert)
06 July 2013 If realized value is more than book value, then you can show it as a "Profit on sale of assets"

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