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Depreciation on TATA Magic

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(Querist)
12 August 2023 A society running school owns a tata magic for carrying the student to school.
WDV as on 31-03-2022 Rs 223607, sold on 21-11-2022 for Rs 200000
How to show this transaction in the books of account
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RAJA P M

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RAJA P M (Expert)
12 August 2023 Provide Depreciation After that show the valance as Profit or Loss...
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Yasir

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Yasir (Querist)
12 August 2023 Depreciation will be provided till October 2022 and after providing depreciation if any loss or profit should be charged to pl account
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