sale entry
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 December 2010
Sale of plant costing Rs 12,000/- (Book-Value Rs 5,000/-) at 60% profit on Book-Value.
So, please suggest me about right entry of above question ASAP.
I am waiting 4 ur kind response
Thanks & regards,
Rajesh Sharma
So, please suggest me about right entry of above question ASAP.
I am waiting 4 ur kind response
Thanks & regards,
Rajesh Sharma
CMA Ramesh Krishnan
(Expert)
08 December 2010
Dr: Cash/Bank : 8000 ( 5000+60% profit)
Cr: Profit on sale : 3000
Cr: Plant : 5000
Dr: Cash/Bank : 8000 ( 5000+60% profit)
Cr: Profit on sale : 3000
Cr: Plant : 5000
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