Accounting Treatment
This query is : Resolved
17 February 2021
Total WDV of BLock as on 01.04.2019 =ONE CRORE (For 8 Vehicles)
Sold 3 vehicles for rs TWENTY LAKH as on 30.06.2019
Please advise the treatment of accounting entries.
Calculation of depreciation. is any profit or loss should be calculated on sale of this 3 vehicles please advise me.
Sold 3 vehicles for rs TWENTY LAKH as on 30.06.2019
Please advise the treatment of accounting entries.
Calculation of depreciation. is any profit or loss should be calculated on sale of this 3 vehicles please advise me.
18 February 2021
Credit 20 lacs to the block. The block will reduce to 80 lacs, charge depreciation on it.
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