18 October 2014
If the value of car is Rs 62800 Sold to it to a cousin itself and just for a round figure recieved a chq of Rs 63000 . what entry should be passed for That extra rs 200. Motor car a/c debit Rs 200 to profit on sale of motorcar a/c..Rs 200. If yes
under which head of accounts will profit on sale of motor car vl come... indirect income?
CAclubindia
