How to record vehical loss entry
This query is : Resolved
23 February 2016
Dear Sir,
we have sold vehicle - four wheeler @ Rs. 530000/-
opening balance of vehicle 700000/- in the fix assets so how to record the loss entry?
we have sold vehicle - four wheeler @ Rs. 530000/-
opening balance of vehicle 700000/- in the fix assets so how to record the loss entry?
23 February 2016
please give solution as early as possible.
24 February 2016
Dr.Loss on sale of vehicle 170000
Dr.Depreciation
Dr.Sale of vehicle 530000
Cr.VEHICLE 700000
Dr.Depreciation
Dr.Sale of vehicle 530000
Cr.VEHICLE 700000
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