Menu
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????
Recent Topic
- AIS UTILITY
- NPS Premature withdrawl -Tier 1 Account
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
Related Topics
CAclubindia
