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...............
Deepak T Shetty
(Chartered Accountant)
(121 Points)
Replied 31 December 2011
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]
SID76
(Student)
(71 Points)
Replied 31 December 2011
kkk.
bt depn ke entry ?????
Plz . prepare TB And B/S
Deepak T Shetty
(Chartered Accountant)
(121 Points)
Replied 31 December 2011
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 !
Deepak T Shetty
(Chartered Accountant)
(121 Points)
Replied 31 December 2011
Thanks User button tho click kar yaar......
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)