Dear Sir /Madam,
the company car was sold ..how make accounting entries in Tally..
How to find out written down value kindly share me Excel formate....
Menu
Old car sold -how make accounting
Replies (1)
I dont have any excel format but I can show you journal entry of the said transaction
for example books value of car is rs 5 lacs ,sold at 4 lacs
depreciation amount for the period is 20000
1) depreciation a/c dr 20000
car a/c cr 20000
2) bank ac dr 4 lacs
loss on sale of assets dr 80k
car ac cr 4.80 lacs
for example books value of car is rs 5 lacs ,sold at 4 lacs
depreciation amount for the period is 20000
1) depreciation a/c dr 20000
car a/c cr 20000
2) bank ac dr 4 lacs
loss on sale of assets dr 80k
car ac cr 4.80 lacs
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
