CAN I SHOWN IN TRADING ACCOUNT OR NOT FOR FIXED ASSETS VALUE
PLZ REPLY ME
OR
HOW TO SHOWN IN BOOKS OF ACCOUNTS FOR SALE OF FIXED ASSETS ON WDV
Menu
sale of fixed assets in wdv
Replies (1)
If we incured loss on sale of fixed Asset entry will be
Bank A/c Dr
Depreciation A/c (wdv) Dr
Loss on sale A/c Dr
To Fixed Assets A/c Cr
(Being asset sold )
Loss will be debited to profit and loss account .
Recent Topic
- Error in totalling salary amount in AIS
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
- Please share the roc and income tax compliance fo
- Proprietor have 2 business. One is registered unde
- ITR-4 – Gross Receipts or Turnover for Secti
- Unrelated entries in AIS and Form 26as
Related Topics
CAclubindia
