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Loss on sale of fixed asset

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(Querist)
06 January 2011 Hi all

A Companys annual A/cs are showing the LOSS ON SALE OF FIXED ASSET in Profit and Loss A/c, is it correct becz it is a capital loss then why it is being treated in the Profit and Loss A/c, please clear the things at the earliest.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
06 January 2011 Since it is the ordinary course of business.

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