Accounts entries

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HIIIII ,

puchase a mob Rs.20000/- Depn @ 10% for 2 years. sale this mob on Rs. 15000/- what is the Entri pass and also preapre trail Balance and Balancesheet .

 

Thanks in Advance...............

Replies (5)

Cash/Bank A/c ....................Dr.       15000

Loss on sale of Mobile.......Dr         1000

           To  Mobile a/c                                      16000

[Being sale of mobile phone & loss on sale accounted]

kkk.

 

bt depn ke entry ?????

Plz . prepare TB And B/S   

We cant claim when the asset is sold out @ the year end, If there is an asset only den v can claim depr'n. So as the asset is sold, v cant claim deprn in the current year !

Thanks

Thanks User button tho click kar yaar......smiley


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