A business unit disposes an old asset at a rate higher than
its written down value. Then how it will be recorded and
under what head of income
Answer / srinivas annavarapu
The entry will be
Bank a/c DR
TO Profit on sale of Asset
TO Machinery a/c
and it comes under capital income
Is This Answer Correct ? | 4 Yes | 1 No |
WHAT IS ER-1, ER-2, ER-3, ER-4, ER-5,ER-6,ER-7
What do you mean by Revenue? does it include the Service Tax,VAT etc., by any chance ?
What is Purchase Requisition means? Why we used this in MM Module in SAP? what is t.code of it?
company accounts introduction?
What is Contingent Liabilities?
1.what is debenchers? 2.what is devident? 3.reverce merger?
Can anyone mail journal entries for me? my Mail id rukmini@live.in
Short Answer on ___________Fixed capital
What is shadow balance?
what is eoq? WHAT IS ITS FORMULA
what is the meaning of derivative.
25 Answers Capital IQ, PAD, UBS, Unicon,
Expand ________GATE