On disposal of tangible and intangible fixed assets, account 462 « Receivables from sale of fixed assets » is debited with the disposal price of the assets sold, by crediting account 775 « Income from sale of assets » ; at the same time, the relevant fixed asset account is credited by debiting account 675 « Book value of assets sold » ; depreciation is deducted.
When financial assets other than portfolio investments are sold, account 462 « Receivables from sale of fixed assets » is debited with the sale price of the items sold, and account 7671 « Income from sales of financial fixed assets » is credited ; simultaneously, the relevant fixed asset account is credited by debiting account 6671 « Book value of financial fixed assets sold ».
When portfolio investment are sold, account 462 « Receivables from sale of fixed assets » is debited with the sale price of the portfolio investments, by crediting :
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account 7672 « Net income from sales of portfolio investments », when the disposal results in a profit ; at the same time, account 273 « Portfolio investments » is credited by debiting account 7672 ;
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account 6672 « Losses from sales of portfolio investments », when the disposal results in a loss ; at the same time, account 273 « Portfolio investments » is credited by debiting account 6672.
When marketable securities are sold, account 465 « Receivables from sales of marketable securities » is debited by crediting :
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account 7673 « Net income from sales of marketable securities », when the sale results in a profit ; at the same time, account 50 « Marketable securities » is credited by debiting account 7673 ;
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account 6673 « Losses from sales of marketable securities », when the disposal results in a loss ; at the same time, account 50 « Marketable securities » is credited by debiting account 6673.
Account 464 « Payables on purchases of marketable securities » is credited with the amount of payables relating to the purchase of marketable securities ; account 50 « Marketable securities » is debited accordingly.
Transactions with either a debit or credit balance are recorded in subdivisions of account 467 « Sundry accounts receivable and accrued income » or account 468 « Sundry accounts payable and accrued expenses ».
