Accounting entry
This query is : Resolved
13 September 2017
Sir,
My company sold a old vehicle and Purchase a new Vehicle, Sir how to treat the accounting entry of invoice and Insurance , Reg; charge
Thank you
My company sold a old vehicle and Purchase a new Vehicle, Sir how to treat the accounting entry of invoice and Insurance , Reg; charge
Thank you
14 September 2017
it is within the same block of asset......so you can credit the sale proceeds of old vehicle and then debit the price of new vehicle, to his block.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Treatment of Pension ?annuity returns on PMVY
- TAN for Partnership
- Free lancer income
- GST ON DAMAGED GOODS
- Specified Profession
- Small dealers gst returns filing
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
