HOW TO PREPARE BOOKS OF ACCOUNT FOR PROPRIETOR
This query is : Resolved
kausar alam
(Querist)
23 October 2010
HOW TO PREPARE BOOKS OF ACCOUNT FOR PROPRIETOR
FOR EXAMPLE -
MACHINERY A- Rs. 15000
MACHINERY B- Rs. 10000
MACHINERY C- Rs. 5000
TOTAL Rs. 30000
IF ASSETS A IS SOLD FOR Rs. 35000. THEN ASSETS WILL BE SOLD IN BALANCE SHEET
I WANT TO FOLLOW BLOCK ASSET CONCEPT
FOR EXAMPLE -
MACHINERY A- Rs. 15000
MACHINERY B- Rs. 10000
MACHINERY C- Rs. 5000
TOTAL Rs. 30000
IF ASSETS A IS SOLD FOR Rs. 35000. THEN ASSETS WILL BE SOLD IN BALANCE SHEET
I WANT TO FOLLOW BLOCK ASSET CONCEPT
CA Navin Jain
(Expert)
23 October 2010
block will be nil and STCG WILL BE RS. 5000
Mayur Agrawal
(Expert)
24 October 2010
agreed with navin
kausar alam
(Querist)
25 October 2010
'block will be nil and STCG WILL BE Rs. 5000 '
dear sir ji also tell me amount at which assets to be shown in balance sheet
dear sir ji also tell me amount at which assets to be shown in balance sheet
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