Profit on Disposals
Posted: 12 Jun 2008, 10:26
Can anyone tell me which NC to post a profit on disposal to. I have been told that it should not be to a 4000 account, but to an 8000 account in the Nominal.
I know profit on disposal is treated as non-trading income, so why not post it to an income account?
thanks
I know profit on disposal is treated as non-trading income, so why not post it to an income account?
thanks