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

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

Accounting Value Based Selling Asset Disposition Asset Protection Book Writing
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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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Anas Dawah
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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