Journal entery
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 December 2010
Journal entery of
sale of plant costing 12000(book value 5000) at 60% profit on book value.
sale of plant costing 12000(book value 5000) at 60% profit on book value.
05 December 2010
Dr Cash / Bank Rs.8000
Dr Dep Reserve Rs.7000
Cr Plant Rs.12000
Cr Profit on Sale of Plant Rs 3000
Being sale of plant & profit booked
Dr Dep Reserve Rs.7000
Cr Plant Rs.12000
Cr Profit on Sale of Plant Rs 3000
Being sale of plant & profit booked
Message likes :
2 times
06 December 2010
or..
Dr. Cash/Bank Rs. 8000
-
Cr. Plant Rs. 5000
Cr. Profit on sale of Plant Rs. 3000
Dr. Cash/Bank Rs. 8000
-
Cr. Plant Rs. 5000
Cr. Profit on sale of Plant Rs. 3000
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