for fixed assets sale entry
This query is : Resolved
nirmal singh
(Querist)
17 January 2013
Hi, please make me kindly conform.
I had a property which was cost Rs. 1,00,000 in my book and sold it Rs 2,00,000. I received three cheques of Rs. 1,00,000 and two cheques of Rs. 50,000. so please let me know how to make entry in tally for these cheques. And in which voucher I will have to use.
I had a property which was cost Rs. 1,00,000 in my book and sold it Rs 2,00,000. I received three cheques of Rs. 1,00,000 and two cheques of Rs. 50,000. so please let me know how to make entry in tally for these cheques. And in which voucher I will have to use.
CA Priyank Singhi
(Expert)
19 January 2013
Bank A/c Dr 100000
Cash A/c Dr 100000
To Asset a/c 100000
To Profit on sale of Asset 100000
You will have to pass this entry as a Journal voucher.
Cash A/c Dr 100000
To Asset a/c 100000
To Profit on sale of Asset 100000
You will have to pass this entry as a Journal voucher.
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