Capital reserve

Krishna Prasad (Partner) (260 Points)

24 June 2013  

COMPANY PURCHASED ASSET FOR RS.500000/-

ACCUMULATED DEPRECIATION - RS.200000/-

WDV OF THE ASSET - RS.300000/-

COMPANY SOLD THE ASSET FOR RS.700000/-

 

HOW MUCH PROFIT TO BE TRANSFERRED TO PROFIT AND LOSS ACCOUNT AND HOW MUCH PROFIT TO BE TRANSFERRED TO CAPITAL RESERVE ACCOUNT