COST OF ASSETS 250000
ACCUMULATED DEPRECIATION 115000
SELLING PRICE 137500
PASS ENTRY FOR THE SALE OF ASSET.
- 2 Answers
- 4270 Views
- ABC, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / abhishek jain
bank a/c dr 137500
To profit on sale of assests a/c 2500
To sale of assest 135000
| Is This Answer Correct ? | 11 Yes | 1 No |
Answer / v.s.sujith
Bank A/c Dr 137500
To sale of assets 135000
To Profit on sale of assets 2500
Being sale of assets.
Detil:
COA- 250000
-Dep 115000
= 135000
-Sale 137500
=Profit. 2500
| Is This Answer Correct ? | 3 Yes | 0 No |
What is the eligibility criteria of C-Form(Manufacturing goods of borewell bits, Hammers, Drilling Tools and Air compressors, etc..). If such company will purchase safety shoes, buyer can eligible to issue C-Form?
Please mail me the TDS rates for the year 07-08? aamirdeba@in.com
What is rate of TDS for Mainteance Charges for Office space
What are TDS rates for the year 2007-08
Can u provided all the dues date and depositing date which are used in general manner or Income tax..
What is form c & d in sales tax?
if i have a educational loan on my name, can i show for tax exemption on current year income tax? Is it applicable for tax exemption (educational loan)
We are Work Contractor. Presently we are under going a infrastructure Project of common wealth Games in Delhi. I want to know that how much wct will be chargeable on this project work???? we are generally using material like, aggregate, coarse sand, bricks, rmc, cement and our labour.
can i adusted our vat credit in W.C.T. payable?
WHAT IS FORM AND OTHER REQUIRMENT FOR FILE EXCISE RETRUN AND HOW WE FILE EXCISE RETURN ?
IF ANY PROPRITER SAID THAT DON'T DEDUCT TDS OF HIM BECAUSE IT IS NOT PARTNERSHIP FIRM THEN WHAT SHOULD COMPANY DOES?
What is total income?
Audit 
