Sale of Assets accounting treatment in NPO Class 12 Accountancy

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Are you looking for the accounting treatment of sale of assets in NPO financial statements class 12 accountancy. When an assets is sold, its depreciation and profit or loss is calculated.

depreciation is recorded as non cash expenses in income and expenditure account. profit is recorded as revenue income and loss as revenue expenses in income and expenditure for the accounting period.

How to calculate depreciation, profit or loss on sale of assets in NPO class 12

I have prepared a lecture to cover this topic.

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Articles: 2015

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