Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   Lost on sale of fixed asset (https://www.askmehelpdesk.com/showthread.php?t=399843)

  • Sep 25, 2009, 02:04 PM
    Elbilli
    Lost on sale of fixed asset
    If I have a lost on sale of fixed asset how do I categorize this on profit and loss statement. Other expenses?
  • Sep 25, 2009, 02:54 PM
    pready

    The loss will be in the other gains and losses section of the Income Statement.

    • All times are GMT -7. The time now is 12:29 PM.