Depreciation
This query is : Resolved
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.
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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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.
29 December 2018
Show it in P and I account.
Message likes :
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29 December 2018
Sir,
Can i show it in capital account .
Can i show it in capital account .
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