Income from buyback of asset
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 June 2016
hi,
Income received from buyback of ac Rs 8000 and brought new ac worth 52000 and in bill 8000 discounted. How to account that 8000 rs income .Please guide and do the needfull
Income received from buyback of ac Rs 8000 and brought new ac worth 52000 and in bill 8000 discounted. How to account that 8000 rs income .Please guide and do the needfull
Amol S Joglekar
(Expert)
20 June 2016
income is credited to income account. AC (Airconditioner) is booked at 52000.
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