Sale on car
This query is : Resolved
03 August 2019
Dear Sir,
I am sale a motor car through car 24 agency @ 398000/- where as my car book value is 410000. I am doing below entry
Sale on Car 24 - Dr 398000/-
Loss on sale of car - Dr.12000/-
To Motor Car - 410000/-
My questing is which head is Car 24? is it Sundry Debtors?
Kindly help.......
Regards,
Raju Dey
I am sale a motor car through car 24 agency @ 398000/- where as my car book value is 410000. I am doing below entry
Sale on Car 24 - Dr 398000/-
Loss on sale of car - Dr.12000/-
To Motor Car - 410000/-
My questing is which head is Car 24? is it Sundry Debtors?
Kindly help.......
Regards,
Raju Dey
04 August 2019
Yes it's sundry debtors...................
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
- Multiple payment of self assessment tax for A Y 2025-2026
- CAPITAL GAIN REDEVELOPED FLAT
- REGARDING ITR FILING QUESTION
- Requirement under FEMA &RBI
- GST REGISTRATION REQUIRED TO DIAGNOSTIC UNIT
- Query regarding Item 61/62/63 vs Item 64 in ITR-3
- Computation of Dividend
- GST ISD Query on various AMCs
- Short Term Gain Reporting ITR
- U/S 194 T
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
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
