Journal entry
This query is : Open
09 May 2017
sale personal car 29000 ( w.d.v 28000) and balance deposit into company aaccount
CA Rashmi Gandhi
(Expert)
09 May 2017
Bank A/c
To Car A/c
To P& L A/c
Message likes :
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CA Rashmi Gandhi
(Expert)
09 May 2017
okk then you are correct
CA Rashmi Gandhi
(Expert)
10 May 2017
it effect is given in personal books & not company books
CA Rashmi Gandhi
(Expert)
10 May 2017
i think there is confusion. Clear to whom assets belong & who sale it & where money is deposit
10 May 2017
rent paid 20000/- tds 20% adjusted against commison 15000/- and balance paid into bank
CA Rashmi Gandhi
(Expert)
10 May 2017
PM me your query
CA Rashmi Gandhi
(Expert)
10 May 2017
Rent A/c Dr . 20000
To Bank A/c 1000
To CommissionA/c. 15000
To TDS A/c. 4000
Comm
To P&L
P&L
To Rent
CA Rashmi Gandhi
(Expert)
10 May 2017
3 entriee are there, i for payment second & third for charging rent & comm from p&l
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