please suggest me how to book entry in tally if i received cash by selling old vehilce.
Dinesh@123 (Account Executive) (64 Points)
21 September 2020please suggest me how to book entry in tally if i received cash by selling old vehilce.
riya shah
(93 Points)
Replied 21 September 2020
prasad Nilugal
( GST Practitioner & Accounts )
(14147 Points)
Replied 22 September 2020
Cash A/c Dr
Deprecation A/c Dr
Profit & Loss A/c Dr
To Vehicle A/c Cr
( Vehicle sold in cash loss on sale transfer to P&L )
If Profit on sale of Vehicle , then P&L account will be credited .
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