Home For AAT student members AQ 2013 AAT Level 4 (Level 8 in Scotland)

Profit on Sale of FA

GILLGILL Feels At HomeRegistered Posts: 31
We had a vehicle written off during the year which was already written down in the Asset Register. We received a payment from the Insurance Company which I posted to Profit on Sale of FA and seemed logical to me at the time.

Now I'm doing the final accounts I am begining to doubt myself - did I do it right in the first place???
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