Companies act 2013 depreciation
This query is : Resolved
01 July 2015
when there is no useful lyf of asset we transfer the wdv of the asset as on 1/04/2014 in retained earnings...but if there is no retained in company then what will we the treatment
01 July 2015
The wdv is transferred to the opening balance of the retained earnings.
If we do not have retained earnings then also wdv of such asset is to be transferred to the retained earnings as it is specifically given in schedule 2.
the retained earnings balance will become negative/debit.
If we do not have retained earnings then also wdv of such asset is to be transferred to the retained earnings as it is specifically given in schedule 2.
the retained earnings balance will become negative/debit.
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
- Inventory of finished goods
- GST Regis.
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- RCM INVOICING FROM NOV-2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Tds on building rent monthly
- Disallowance of Section 43B(h) to sez units
- As per schedule III of balance sheet how to pass journal entry
- Is correct way to find out capital of individual on 31st March
- Individual capital equal to which assets of balance sheet
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- 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?
Trending Online Classes
CAclubindia
