Sir,
what will the entries for the following:
1.Bought a horse for Rs. 2000 & a carriage for Rs.
1000 for delivering goods to customers.
2. The horse bought died & it's carcass was sold for Rs. 50.
I am getting little bit confused whether to make livestock & include carriage in that or not.
Menu
journal entry
Replies (1)
Horse Dr 2000
Cart Dr 1000
To Bank 3000
Bank Dr. 50
Loss by live stock Dr. 1950
To Horse 2000
Cart Dr 1000
To Bank 3000
Bank Dr. 50
Loss by live stock Dr. 1950
To Horse 2000
Recent Topic
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
Related Topics
CAclubindia
