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?
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Loss of capital during sale
Replies (3)
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
Dear Sripal,
What is depreciation ?
Capital account will not get affected. be clear with your question
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