help-dep as per co act 2013

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 June 2015 if Usefl life of assests is already expired and residual value is more than WDV than what is treatment.

how will close this fixed assets a/c

11 June 2015 Adjust the excess wdv over residual value to retained earnings as on 01-04-2014.

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Querist : Anonymous

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11 June 2015 sir but here retained earning is higher compare to wdv
than what will be treatment

11 June 2015 If retained earning is higher what is the problem in adjusting against it.

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 June 2015 sorry sir residual value is higher than wdv
then what wil be treatment
if residual value is 2550 and wdv is 72.72

11 June 2015 Then no need to pass any entry.

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 June 2015 HOW FA ACCOUNT WILL BE CLOSED.....

11 June 2015 What is the problem.........


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