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Former Member
Jan 04, 2008 at 09:01 AM

Asset retirement with revenue......

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Hi,

What is the entry for asset retirement with revenue (F-92). as per my knowledge the following entry be generate

Customer A/c Dr.

Acc. Dep A/c Dr.

To Sale of Asset

To Profit on sale of asset

if not pl correct me and where is the exp A/c for ordinary depreciation?

and how many line items are created in real time.

adv thanks