Accounts entry on sale of fixed assets
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 August 2013
in our company we have sold our vehical, & after depriciation we have booked profit of Rs. 50000/-
what will be a correct accounts entry in Tally.
i have made
bank a/c dr.
depreciation dr.
to Vehical
to P/L
but auditor said P/L is not a correct word. pl. suggest.
what will be a correct accounts entry in Tally.
i have made
bank a/c dr.
depreciation dr.
to Vehical
to P/L
but auditor said P/L is not a correct word. pl. suggest.
CA UMESH DULAL
(Expert)
24 August 2013
bank a/c dr
To Fixed Assets
To Profit on sale of Assets
To Fixed Assets
To Profit on sale of Assets
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