29 November 2013
please the Entries to be pass in books
company having a car which has been used for past few years, now the company has purchased a new car with the adjustment of resell value of old car. example ;
value in books 1st april. 25000/-( bookvalue 5.0 lcs )
value of new car = 10 lcs at invoice payment to vendor = 9.90 ( after adj. of resale value of old car).
is there any difference if the WDV given on 1st APRIL is Zero. but we are using the assets. rest are same.....
CAclubindia
