Easy Office
LCI Learning

Purchased new AC in exchange of old

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
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
Profile Image

Pankaj Gandhi Jaiswal

Profile Image

Pankaj Gandhi Jaiswal (Expert)
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

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links