Menu
doubt regarding a scrap material adjustment
Purchased a two batteries an amount of 10000. In my books a material is showing a scrap material . The supplier has taken that material at 3500 what is entry in the books
Replies (1)
If batterier are goods to your business,
Purchases A/c DR XXXX
To Cash A/c XXXX
To sale of scrap A/C XXXX
If batteries are asset repalace purchases A/C with Batteries A/C.
Recent Topics :
- Gross total income
- Export Compliance
- Sale of plots in open land
- Income tax query
- Best CA Inter coaching in laxmi nagar
- HOW TO SELL SHARES OF PRIVATE LIMITED COMPANY SOME
- Unregistered Association of Persons (AOP) Agreemen
- Intimation u/s 245 of income tax act
- Ewaybill query
- IDS Refund: GSTR-2B Invoice Not Validated in State
Related Topics :
CAclubindia
