Whether prifut on sale of fixed asset is to be transferred to capital reserve
This query is : Resolved
03 July 2016
when the profit on sale of fixed asset is to be transferred to capital reserve
04 July 2016
Profit on sale of asset is generally transferred to General reserve.
04 July 2016
when its required to transferred to capital reserve
04 July 2016
When the asset is a business segment or procurement of some business, the profit arising thereon is transferred to capital reserve
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