Accounting entry
This query is : Resolved
13 September 2017
Sir,
My company sold a old vehicle and Purchase a new Vehicle, Sir how to treat the accounting entry of invoice and Insurance , Reg; charge
Thank you
My company sold a old vehicle and Purchase a new Vehicle, Sir how to treat the accounting entry of invoice and Insurance , Reg; charge
Thank you
14 September 2017
it is within the same block of asset......so you can credit the sale proceeds of old vehicle and then debit the price of new vehicle, to his block.
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