Interested to Buy Any Domain ? << Click Here >> for more details...
i have puchase a vehicle on 1st of jan 2006 for Rs 40000
and charegd depriciation @25% P.A and sold vehicle on 31st
of dec,2009 RS 10000 what are the general entries related
to this question.
- 3 Answers
- 5982 Views
- I also Faced
- E-Mail Answers
Answer Posted / mohammed nayeemuddin
i dont no it is correct are wrong pls...vote for it
purchases: 1 st jan 2006
By vehicle a/c dr - 40000
to cash/bank a/c cr - 40000
depriciation : 31st dec 2009 shows
By depriciation a/c dr -30000
to vehicle a/c cr - 30000
sale of vehicle : on 31cdec 2009
By cash/bank a/c dr - 10000
By Depriciation a/c dr - 30000
To Asset a/c cr - 40000
| Is This Answer Correct ? | 7 Yes | 3 No |
Post New Answer View All Answers
explain circumstances under which dissolution of solvent and insolvent partners are applicable using garners v/s murray rule
What is the Full Procedure of Purchase ?
Q1©. Gratuity of Rs. 1,20,000 is received in August, 2007 by Mr. M, a legal heir of Mr. R aged 45 years who died on June 28, 2007. Is it taxable?
A company purchase goods Rs.2000/- & input vat received rs.100/- but at the time he sold goods 1000/- as a sales & 1000/- as a sock transfer. plz tell me how much take input claim in this case.
What are the accounting entries for branch accounts?
Tell me what is your track record for consistently achieving your targets?
what are the disadvantages of back-flush accounting?
What does a demo/presentation need to be effective?
Describe a time when you have not met your goal?
Dear Sir, Tomorrow i am going for interview at TCS-Mumbai.Please let me know what kind of question are going to be asked.
Describe yourself briefly why you are outstanding for this post "Finance Coordinator"?
Explain me how much mathematics knowledge is necessary or required in accounting?
under which accounting rule prepaid salary?
a company recive 5 demand draft in different parties 2 DD sumittted to bank for collection and it's collected. what is the closing entry of other 3 DD in the company on that date?
Do you think accounting standards are mandatory and why?
