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Write of fixed assets

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 July 2014 my company want to write of sundry fixed assets.what will be the accounting entry in the books of accounts,
suppose 1,50,000.
assets value.

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Guest

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Guest (Expert)
22 July 2014 depreciation dr
profit and loss dr
to fixed assets

23 July 2014 Write off FA dr
To FA
with amount net block - residual value.




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