What is Disposal of assets?

The removal of a fixed asset or other asset from the company's books: under NAS No. 21 (paragraph 391) these cases are: liquidation, sale, exchange, transfer free of charge, transfer to the charter capital as a contribution, transfer as a property contribution when forming the property of a non-governmental non-profit organization, transfer under a finance lease, including a leasing agreement, a shortage or loss identified, and settlement with fixed assets when a participant withdraws from the participants of a legal entity. Account 9210 is used for fixed assets and 9220 for other assets; if the result is a gain it goes to 9310/9320, if a loss, to 9430.