please suggest me how to book entry in tally if i received cash by selling old vehilce.
please suggest me how to book entry in tally if i received cash by selling old vehilce.
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 .
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
