CMA. CS. Sanjay Gupta's Expert Profile

Queries Replied : 24107

About me

"PROUD TO BE AN INDIAN"

Hi!

I am Sanjay Gupta from "City of Joy - Kolkata". I have completed ICWA, M.Com, CS, DIM and currently pursuing MBA. Presently i am working for Hindustan Aeronautics Limited, Barrackpore Division as a Dy. Manager (Finance). Prior to this, for last 3 years i worked for "West Bengal Industrial Development Corporation Ltd" as Officer On Special Duty and before that for 3.5 years i worked for "Jekay Group of Companies" as Manager (F & A).

I am a part of caclubindia Family to share whatever knowledge i have and also to enhance my own knowledge. We all learn something everyday, because education never ends be it in school, college, institutions or in Journey of Life.

My message to all "Keep Sharing your knowledge to help people. Knowledge increses by sharing and not by preserving"

Thanks for visiting my profile.

CMA. Sanjay Gupta

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khirod prasad swain says : sale of assets
suppose asset's Historical cost-- 100000.00 Provision For depreciation- 25000.00 WDV as on 01.04.10-- 75000.00 Asset is sold for --- 120000.00 What should be the accounting treatment in the book of account And whether capital reserve arise for rs 20000.00 ?

khirod prasad swain says : sale of assets
suppose asset's Historical cost-- 100000.00 Provision For depreciation- 25000.00 WDV as on 01.04.10-- 75000.00 Asset is sold for --- 120000.00 What should be the accounting treatment in the book of account And whether capital reserve arise for rs 20000.00 ?

khirod prasad swain says : sale of assets
suppose asset's Historical cost-- 100000.00 Provision For depreciation- 25000.00 WDV as on 01.04.10-- 75000.00 Asset is sold for --- 120000.00 What should be the accounting treatment in the book of account And whether capital reserve arise for rs 20000.00 ?

khirod prasad swain says : sale of assets
suppose asset's Historical cost-- 100000.00 Provision For depreciation- 25000.00 WDV as on 01.04.10-- 75000.00 Asset is sold for --- 120000.00 What should be the accounting treatment in the book of account And whether capital reserve arise for rs 20000.00 ?

khirod prasad swain says : sale of assets
suppose asset's Historical cost-- 100000.00 Provision For depreciation- 25000.00 WDV as on 01.04.10-- 75000.00 Asset is sold for --- 120000.00 What should be the accounting treatment in the book of account And whether capital reserve arise for rs 20000.00 ?