Claxton Fruit Cake Clone

ELEMENTS OF ACCOUNTING FOR FIXED

The credit sale, involving asset accounts
not seen until now:

25. OTHER PERMANENT INVESTMENTS
253. Long-term loans for fixed asset disposals

54. OTHER SHORT-TERM INVESTMENTS
543. Short-term loans on fixed asset disposals


the following revenue and expenditure accounts:

77. Gains on fixed assets and extraordinary income

770. Benefits from intangible assets
771. Gains on fixed assets

67. Losses on fixed assets and extraordinary expenses

670. Losses on intangible assets
671. Loss on disposal of fixed assets