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
- 5960 Views
- I also Faced
- E-Mail Answers
Answer Posted / lpn
Value of Vehicle as on 1/01/2006 Rs. 40000/-
Ist Year depreciation Rs. 10000/-
IInd Year Deprection Rs. 7500/-
IIIrd Year Depreciation Rs. 5625/-
-------
Total deprectition for 3 years 23125/-
Value of Vehcile as on dec 2009 16875/-
Book entry as on 31/12/2009 after sold out of Rs. 10000/-
Cash A/c Dr. 10000/-
Loss on Sales Dr. 6875/-
To Vehicle a/c. Cr. 16875/-
(Being vehicle sold out as on 31/12/2009)
| Is This Answer Correct ? | 15 Yes | 3 No |
Post New Answer View All Answers
when dissoluction of firm why investment flchuationfund subtrect from book value
Define balancing in accounting?
What does it mean to do accounting training outside of public practice?
is it related to b.com syllabus or puc syllabus
Mohan sold goods on 1st sep 2009 for the rs 200000/- to sohan immediatly accepted a 3 month bill.on the due date sohan request for the renewal of the bill for further peirod of two month .mohan agree to pay interest @9% per annum to be inculuded in the new bill . determine the amount of new bill?
Wat entry ill come after paying the Cen -Excise Tax Vat Tax and Service Tax in the same time
Have you ever made mis reports and what are they?
Wo kya cheez hai jo sal me 1bar mahine me 2 bar aur hafte me 4 bar aur din me 6 bar ata hai?
cost of lease=20,000.refundable deposits 2000 (after 4 years).annuity value for 4 years @5% is .2820.find the net charge to p&l a/c
What is the Technology used to carry out trades? Pls Tell me as early as possible.
What was the most difficult deal you had to close?
Is push down accounting accepted under generally accepted accounting standards?
Who uses accounting?
what is ment by suspence account and dummy account
what is use of cost category ? which type is useful in accounting work ? give answer with solid example because iam slow learner in accounting line.
