If we sale a fix asset on rs10000.00 which book value was only rs1.00. then What will be voucher entry and effect?

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Useful life of fixed Assets is not reversed while reversing depreciation entry i...
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Balaji C
24-December-2016

which types of income or gain? and these tax effect?

Accounting Value Based Selling Asset Disposition Asset Protection Book Writing

Question added by Kamal Shrestha , Sr. Finance & Administration Officer , Morang Saving & Credits Co-Operative Society Ltd.
Date Posted: 2015/04/15

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by Anas Dawah , Senior Internal Auditor , Talal Abu-Ghazaleh Global (TAGI)

Dr. Cash10000 Dr. Accumulated depreciation9999 Cr. Fixed asset10000 Cr.Gain on sale of F.A9999

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