Proceeds from Disposals of Fixed Assets: debit or credit?
Proceeds from Disposals of Fixed Assets increases on the credit side and decreases on the debit side: its normal balance is a credit.
Revenue increases equity through the business’s sales and other income. It increases with a credit.
Name in each convention
Account names and codes follow each convention; an account that does not exist in a convention is not offered there.
| Convention | Account |
|---|---|
| United States (US textbooks) | — |
| Spain (PGC 2007) | — |
| France (PCG 2025) | 757 Produits des cessions d’immobilisations incorporelles et corporelles |
| Germany (generic accounts) | Erlöse aus Anlagenabgängen |