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Sale of motor car

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(Querist)
18 October 2014 If the value of car is Rs 62800 Sold to it to a cousin itself and just for a round figure recieved a chq of Rs 63000 . what entry should be passed for That extra rs 200. Motor car a/c debit Rs 200 to profit on sale of motorcar a/c..Rs 200. If yes under which head of accounts will profit on sale of motor car vl come... indirect income?
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@VaibhavJ

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@VaibhavJ (Expert)
18 October 2014 Hi

is it personal asset or business asset?
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