mohd irfan (acct.) (82 Points)
07 May 2019I have some assets in my balance sheet which are no longer in service and i want to remove than kindly give me entry to pass in tally to remove it or written off as they become scrap All the below assets price as on 1-4-18
1) Compuer Rs 100
2) Cycle Rs50
3) Scooter Rs 80
CA nikunj
(chartered accountant)
(2 Points)
Replied 07 May 2019
yes if nominal value of asset remain in balance written of through profit and loss account by reducing the value of assets at zero.
CAclubindia
