Transfer deed for sale of vehicles as against amount due

This query is : Resolved 

04 July 2013 Urgent please

Dear Sirs

Please give me answer to the following queries

We are transferring company vehicles to sub contractor for amount due to him.

Can we mention this fact in sale deed?

What is the journal entry for this transaction?

04 July 2013 pls make sale bill of vehicle sale to sub contractor.


04 July 2013 sir

whether we have to mention the fact of setting off of the amount due to sub contractor in the sale deed?


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