Journal entery
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 December 2010
Journal entery of
sale of plant costing 12000(book value 5000) at 60% profit on book value.
sale of plant costing 12000(book value 5000) at 60% profit on book value.
CA.Madhusudan B.P.
(Expert)
05 December 2010
Dr Cash / Bank Rs.8000
Dr Dep Reserve Rs.7000
Cr Plant Rs.12000
Cr Profit on Sale of Plant Rs 3000
Being sale of plant & profit booked
Dr Dep Reserve Rs.7000
Cr Plant Rs.12000
Cr Profit on Sale of Plant Rs 3000
Being sale of plant & profit booked
Message likes :
2 times
06 December 2010
or..
Dr. Cash/Bank Rs. 8000
-
Cr. Plant Rs. 5000
Cr. Profit on sale of Plant Rs. 3000
Dr. Cash/Bank Rs. 8000
-
Cr. Plant Rs. 5000
Cr. Profit on sale of Plant Rs. 3000
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- IMS (import of goods) ITC related
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- Capital Gains Tax on Inherited Mutual Fund
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Form 144 TDS Return Validation Error – Mandatory Fields
- LLP audit and disclosure
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Ito add credit side of bank
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
