29 November 2013
please the Entries to be pass in books
company having a car which has been used for past few years, now the company has purchased a new car with the adjustment of resell value of old car. example ;
value in books 1st april. 25000/-( bookvalue 5.0 lcs )
value of new car = 10 lcs at invoice payment to vendor = 9.90 ( after adj. of resale value of old car).
is there any difference if the WDV given on 1st APRIL is Zero. but we are using the assets. rest are same.....