Accounting entries for the sale of fixed assets
Transfer fixed assets (book value) to fixed assets liquidation.
Debit: liquidation of fixed assets
accumulated depreciation
Impairment of fixed assets
Loans: fixed assets
Cleaning expenses incurred, etc.
Debit: liquidation of fixed assets
Taxes payable-VAT payable (input tax)
Loans: bank deposits
Recover the price and tax on the sale of fixed assets.
Debit: bank deposit
Loan: liquidation of fixed assets
Taxes payable-VAT payable (output tax)
Waste storage
Borrow: raw materials
Loan: liquidation of fixed assets
Treatment of insurance or negligence compensation
Debit: Other receivables.
Loan: liquidation of fixed assets
Gains or losses from the disposal of fixed assets such as sale and transfer.
dead loss
Debit: gains and losses from asset disposal
Loan: liquidation of fixed assets
net profit
Debit: liquidation of fixed assets
Loans: gains and losses from asset disposal
Asset disposal gains and losses are used to account for the disposal gains and losses arising from the sale and transfer of fixed assets and intangible assets. The profit and loss of asset disposal affects the operating profit. Gains and losses from asset disposal are directly included in current profits and losses.
"Assets disposal gains and losses" reflect the disposal gains or losses recognized when an enterprise sells illiquid assets (excluding financial instruments, long-term equity investment and investment real estate) or classifies them as disposal groups available for sale (excluding subsidiaries and enterprises), as well as the disposal gains or losses arising from the disposal of fixed assets, construction in progress, productive biological assets and intangible assets not classified as available for sale. The gains or losses arising from the disposal of non-current assets in debt restructuring and the gains or losses arising from the exchange of non-monetary assets with non-current assets are also included in this account.
Accounting entries of fixed assets inventory surplus
Borrow: fixed assets
Credit: adjustment of profit and loss in previous years
Adjust income tax
Debit: previous year's profit and loss adjustment
Loan: Taxes payable-Income tax payable
Carry forward previous year's profit and loss adjustment
Debit: previous year's profit and loss adjustment
Loan: surplus reserve-statutory surplus reserve (10%)
Profit distribution-undistributed profit