CAN I SHOWN IN TRADING ACCOUNT OR NOT FOR FIXED ASSETS VALUE
PLZ REPLY ME
OR
HOW TO SHOWN IN BOOKS OF ACCOUNTS FOR SALE OF FIXED ASSETS ON WDV
If we incured loss on sale of fixed Asset entry will be
Bank A/c Dr
Depreciation A/c (wdv) Dr
Loss on sale A/c Dr
To Fixed Assets A/c Cr
(Being asset sold )
Loss will be debited to profit and loss account .
CAclubindia
