RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 19 September 2019
( No journal entry will take place in this scenario. However, you will need not to show the sale of that one AC which you installed in your shop. That one AC you will treat as fixed asset and charge depreciation on this.... )
Yes... I agreed. Journal entry required to any of the reversal if it's already accounted....