20 July 2009
Can anyone tell me the treatment under the following case.
Private limited company has sold the office equipment at Rs.11000/- on 21st August 08 cost of that equipment was Rs.42102/-. How it will be treated as per Schedule VI of Companies Act 1956?
20 July 2009
First of all for treatment of above case, we have requried WDV of sold asset as on date of sale. Then we calculate profit or loss on sale of such asset. Please tell date of purchase of asset and wdv of asset on date of sale.
CAclubindia
