I have purchased a vehicle worth of Rs.1,50,000/- during the year 2008 after the usage of 4 years sold the vehicle worth Rs.130000/-. pls tell me the entry in capital a/c and also where we have to post the entry during this lossage of capital?
Naresh (Accountant) (63 Points)
02 July 2012I have purchased a vehicle worth of Rs.1,50,000/- during the year 2008 after the usage of 4 years sold the vehicle worth Rs.130000/-. pls tell me the entry in capital a/c and also where we have to post the entry during this lossage of capital?
CA Sripal Jain
(Associate Finance)
(709 Points)
Replied 02 July 2012
can u be little specific with question,how does vehicle related to capital,as its a fixed asset,so eithr cash must be given effect or dep or the asset itself
regards
sripal jain
Sunil Kumar V.Peruru
(Associate Consultant)
(28 Points)
Replied 02 July 2012
Dear Sripal,
What is depreciation ?
Darshan Thakkar
(Article Student)
(100 Points)
Replied 02 July 2012
Capital account will not get affected. be clear with your question
CAclubindia
