Depreciation
This query is : Resolved
Ashim kr Ray
(Querist)
28 December 2018
Sir,
After depreciation my rate of Car amount stand Rs 250000,i have sold it for rs 450000.
Where to show this excess Rs 2lac. can I show it in capital A/c.
Please suggest.
After depreciation my rate of Car amount stand Rs 250000,i have sold it for rs 450000.
Where to show this excess Rs 2lac. can I show it in capital A/c.
Please suggest.
CA R SEETHARAMAN
(Expert)
29 December 2018
If depreciation is claimed in p and l account show it in p and l account.
In case of depreciation not claimed show it in capital account.
In case of depreciation not claimed show it in capital account.
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Ashim kr Ray
(Querist)
29 December 2018
Sir Car is shown under the Head of FIXED ASSET in Balance sheet. Amounting Rs 2.5lack, now i sold it for 4.5lack , there excess amount of 2lac where it has to be shown.
CA R SEETHARAMAN
(Expert)
29 December 2018
Show it in P and I account.
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Ashim kr Ray
(Querist)
29 December 2018
Sir,
Can i show it in capital account .
Can i show it in capital account .
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