Query relating to accumulated deprecation

 For NEW car : 

Car A/c  Dr.  at Gross Value i.e. 7724876

To Creditor

For Sale of Car:

Depreciation A/c Dr. Depreciation from 1.4.07 to 14.03.08

To Accumulated Depreciation on Car (If such account exists, otherwise the same may be credited to Car A/c)



If Sold at Profit :

Debtor A/c Dr.  1450000

Accumulated Depreciation A/c Dr. Total Depreciation charged till now

To Car A/c (Gross Cost of Car)

To Profit on Sale of Car (Profit)

If Sold at Loss :

Debtor A/c Dr.  1450000

Accumulated Depreciation A/c Dr. Total Depreciation charged till now

Loss on sale of Car A/C Dr. (Loss)

To Car A/c (Gross Cost of Car)



Presentation

Opening Gross Block + New Car's Gross Cost - Gross Cost of Car Sold

Opening Depreciation Block + Current Year's Depreciation (Inclusing Depreciation on Car Sold) - Total Depreciation Charged on Car sold (Including current year's Depreciation on that Car)

thnks for dis info

Hi.....pls help me in following question

1 income tax list of all asset depreciation of2008-2009

2. income tax return filling show net salary,  Gross salary !

3 short term  long term capital gain on stock trading  how to calculate please example & formula

4 pleas locking period of  (KVP , NSC, PPF , MUTUAL FUND ) investment.

5. i am investment 100,000 Rs under 80c only for this year but  i am confused this slab only for 100,000 limit  one year or every year  100,000slab limit in investment.

please answer also in my mail id :- dalwadi.ritesh @ yahoo.com

Thank you,

ritesh dalwadi

plz send me the CA Final Question Paper of Nov. 2007, May 2008, Nov. 2008 & June 2009 urgently.

Thanks