How to record vehical loss entry
This query is : Resolved
23 February 2016
Dear Sir,
we have sold vehicle - four wheeler @ Rs. 530000/-
opening balance of vehicle 700000/- in the fix assets so how to record the loss entry?
we have sold vehicle - four wheeler @ Rs. 530000/-
opening balance of vehicle 700000/- in the fix assets so how to record the loss entry?
23 February 2016
please give solution as early as possible.
24 February 2016
Dr.Loss on sale of vehicle 170000
Dr.Depreciation
Dr.Sale of vehicle 530000
Cr.VEHICLE 700000
Dr.Depreciation
Dr.Sale of vehicle 530000
Cr.VEHICLE 700000
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Value of property in capital gain
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- SFT Cash Deposit in Current Account
- FORM 26A APPLICABILITY
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
