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Depriciation entry

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02 January 2013 Dear Sir,

purchase price of my plant & machinery is Rs.100000/- bookvalue of it is Rs.60000/- and sale value of it is Rs.120000/- then RS.20000/- capital profit where i can transfer in case of Individual?????? reserve & surplus are not in the balancesheet then where I transfer it??????

02 January 2013 As per my my view point the entire profit should be credited to PL A/c as AS 10 does not mention anything for such an instance.



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