What entry should be paased in the book ?
This query is : Resolved
03 September 2011
a persone MR. X gives unsecured loan to Mr. Y and Mr. Y gives his Old car for full settlement of his account what entry should be paased in the books of Mr. X also give the Details of depreciation
03 September 2011
Dr: Car a/c (Fixed Asset)
Cr: Mr.Y a/c
Depreciation based the useful life of the asset can be provided (since i guess Proprietorship )
Cr: Mr.Y a/c
Depreciation based the useful life of the asset can be provided (since i guess Proprietorship )
Message likes :
1 times
03 October 2011
the above entry shld be passed with the amount of loan
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Refund of AY 22-23
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- TDR receipts for agreement holder
- Inventory of finished goods
- Confusion around Form 26QB fields
- GST APPLICABILITY ON POLLUTION CHECK SERVICE
- Sale of property furniture sale
- Disallowance of Section 43B(h) to sez units
- Intimation wrongly states taxpayer has offerred u/s. 44ad & states probable resolutiton to do audit
- Refund AY 2012-13 and 2013-14
- DIRECT TAX CODE 2025
- MODEL FILLED AUDIT REPORT FOR TRUSTS IN FORM 10B
- 115TD on cancellation of 12A 80G Registration
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
