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Actg treatment for sale of car - rent a car business
Accounting entry for sale of car in rent a car business. Should it be as below
cost of car less accumulated depn = NBV
if sale value is high its profit or less it is loss.
Do you have to deduct rental income received from the car????
Replies (1)
cost of car
less accumulated depn =
NBV
if sale value is high its profit or less it is loss.
Query - Do you have to deduct rental income received from the car????
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