Revalued fixed asstes sale entries
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 January 2013
land original cost - 100/-
Revalued - 50/-
-----------
150/- shown in Land B/S assts side
50/- in capital reserve - liability side
on sale value of Rs. 200/-
How to a/c for profit & wt will be the entries?
Pls reply urgently.
Thanks
Revalued - 50/-
-----------
150/- shown in Land B/S assts side
50/- in capital reserve - liability side
on sale value of Rs. 200/-
How to a/c for profit & wt will be the entries?
Pls reply urgently.
Thanks
25 January 2013
Bank(Or Party) A/c Dr. 200
Capital Reserve A/c Dr.50
To Land 150
To Gain on sale 100
Capital Reserve A/c Dr.50
To Land 150
To Gain on sale 100
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 194-T applicability
- Tds on commission charges
- GST ITC REVERSE
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Fixe term employment
- Withdrawal in cash from partners capital account by partner
- Section 50-fixed asset-->building ceases to exist
- TDS on TRUST
- Regarding Applicability of Tax Audit u/s 44AB
- Consolidated financials
- Renovation exp. in flat by family member
- Starting trading business
- Need Professional Opinion AY 2012-13 Old Demand
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- 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?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
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
Quick Links
ARTICLESHIP
04 September 2026
Accounts Executive
Hema Yashwanth & Associates
Chennai
B.Com
View Details
ARTICLESHIP
16 September 2026
Article Assistant
MANUJ SHARMA AND COMPANY
Noida
CA Inter
View Details
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER
Anupam Parashar & Co.
Ghaziabad
CA Final
View Details
22 September 2026
Account Assistant
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
View Details
CCI
Pro
CAclubindia
