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July 9, 2015 at 4:09 am
so sir if we had a gain
John Moffat says
July 9, 2015 at 8:54 am
If the ‘missing figure’ on the disposal account is on the other side then there is a profit on sale instead of a loss.
This appears in the Statement of profit or loss as a negative cost and therefore increases the profit instead of decreases it.
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