how to account the purchase and sale of fixed assets?
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Answer / namita limje
By seeing opening value of fixed assets and depreciation on
the particular asset in every year.And certaining its
current value.
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purchases goosd in cash rupees 6500
ABC LTD PURCHASE GOODS FROM XYZ LTD OF Rs.400000/- BUT DURING THE TRANSPORTATION ALL GOODS ARE DESTROYED.ACCORDING TO AGREEMENT INSURENSE CO. PAID 75% OF DESTROYED GOODS TO SELLER. WHAT WILL BE JOURNAL IN BOTH PERSON ACCOUNT.
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0 Answers Chartered Accountant,
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