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Accountancy

Treatment of loss or gain on sale of asset

Pandusml V

CA Final

★ 4K+

15-Mar-22 10:39

592

Answers (4)

profit / loss on sale of fixed assets is adjusted to net profit under operating activities under indirect method

Sudha Reddy

CA Final

★ 20K+

15-Mar-22 10:49

Mam reason for why loss on sale of assets added to net profit before tax

Thread Starter

Pandusml V

CA Final

★ 4K+

15-Mar-22 10:50

Thread Starter

Pandusml V

Mam reason for why loss on sale of assets added to net profit before tax

Because its related to investing activities and not to operating activities

Sudha Reddy

CA Final

★ 20K+

15-Mar-22 11:01

Ok mam

Thread Starter

Pandusml V

CA Final

★ 4K+

15-Mar-22 11:05

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