In case one asset of the company is sold and another is bought in exchange, loss on disposal of asset will be recorded if :

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WHY trade discounts not recorded in the books of account?
Posted by:
ANOOP NIRAVAMKUNNATH SEKHARAN
28-April-2015

a. Trade in discount is greater than carrying value of the asset. b. Trade in discount is less than carrying value. c. Trade in discount is equal to carrying value.

Accounting Financial Reporting Financial Accounting Financial Management

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Date de publication: 2014/08/21

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par VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

a. Trade discount is greater than carrying cost of the asset.

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par Menerva Melad , Account Executive, Key Accounts , Graphic Home Company

Trade in discount is less than carrying value

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In case one asset of the company is sold and another is bought in exchange, loss on disposal of asset will be recorded if :

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