Purchased new AC in exchange of old
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 May 2011
We had a AC whose WDV as on 30.04.2010 was 10000 and in exchange for the old one we purchased a new ac for 18000 and we made the dealer payment of Rs 8000. Please explain how will be the entry passed.
Thanks
Thanks
05 June 2011
Assume company carry WDV figure in balance sheet and not Gross Block.
NEW AC 18000
To Old AC 10000
To Cash 8000
NEW AC 18000
To Old AC 10000
To Cash 8000
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