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Sale of fixed asset

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(Querist)
04 December 2013 we sold our old printer and bought the new printer from same person.how to book the jv for loss on sale of fixed asset
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Ganeshbabu K

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Ganeshbabu K (Expert)
04 December 2013 Dr.Accumulated dep.. on old printer
Dr.cash/bank(sale value of old printer)
Dr.Loss on sale of Asser(balance figure)
Cr.Old printerA/c

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