Can loss on disposal of assets be directly debited to P/L?

Accountancy

Or should we first compulsorily transfer to Loss on Disposal/Sale of Assets?

Kishore Anil

CFA L1

★ 2K+

15-Feb-21 13:25

689

Answers (1)

Best Answer

Can be taken to P&L a/c

ruchi lahoti

CA Inter

★ 27K+

15-Feb-21 14:42