depreciation for sold car
S ELAVARASI (ACCOUNTANT) (2975 Points)
24 July 2018in fixed assets a car in the shedule 1st Apr Rs.224074 and its sold on 12/02/18...
Then how can I depreciate l...?
How to show nil value i. asset head of the car?
S ELAVARASI (ACCOUNTANT) (2975 Points)
24 July 2018
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 24 July 2018
cost - dep = wdv of car
wdv of car xxx
less; sale value xxx
net profit / loss xxx
S ELAVARASI
(ACCOUNTANT)
(2975 Points)
Replied 24 July 2018
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 24 July 2018
GST NOT APPLICABLE ON SALE OF FIXED ASSETS (IT IS NOT IN OEDINERY COURSE OF BUSINESS)