Treatment of loss of car
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 May 2012
We sold a car at rs 100000, and its wdv is rs. 102134. what would be the treatment according to companies act 1956.
15 May 2012
You should reduce the wdv amount from the Schedule of Fixed assets and show rs. 2134 as a loss on sale of Fixed assets in Profit and loss acoount.
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 May 2012
THERE IS NO DEPRICIATION WILL BE CALCULATED?
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