Reserves and Surplus
Abhishek Selvam O (374 Points)
03 April 2020
Sold machinery whose cost is Rs.10000 for Rs.9000 whose book value Is Rs.8000 and 1000 be transferred to capital Reserve.
8 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 03 April 2020
1k to account in PandL account as Ledger - Profit on Machinery
( Are You Company or other than company..?)
( Are You Company or other than company..?)
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 03 April 2020
Of Pvt Ltd company then after finalize the account (PandL) the amount transferred to R&S head...
Abhishek Selvam O
(374 Points)
Replied 03 April 2020
Which reserve is it capital and can u say the journal entry
Abhishek Selvam O
(374 Points)
Replied 04 April 2020
Will they first pass profit entry then will they pass it to capital reserve.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 04 April 2020
Yes... I agreed to Mr Satish.
Recent Topics
- List of banks for tax payments available at e-Pay
- Excess itc claimed then intrest applicable even if
- Financing for Properties and Businesses
- TAX DEMAND STILL SHOWING ON INCOME TAX PORTAL, EVE
- FORM 10 IEA IN Revised return
- ITC Eligibility on GTA
- Top Highest Tax-Paying Celebrities: FY 2023-24
- Misplace society Bye law
- Submit ommited invoice of previous year
- Need your valueble insight
Related Threads
CAclubindia
