Honda car dr 11556 purchase 25/08/2010
to bank cr 4100
to loan cr 7456
Installment paid upto 31/7/2012 @ 207/-pm (total 4761/-)
Loan Bal. 2695/-
Car was cancelled due to accident in June-2012.
Finance company refunded 6656/-(15/08/2012)
Total accumulated depreciation was 5202.318.
what will be the Car write-off entry..??
- 2 Answers
- 3070 Views
- I also Faced
- E-Mail Answers
Answer Posted / guest
will it be...;
cash dr 6656.000
Accum.dep. dr 5202.318
loan dr 2695.000
honda cr 11556.000
profit on write-off cr 2997.318
14553.318 14553.318
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What are document required by the bank to make payment for debit memo (Import). if we have allready made payment for orignal bill.
In which ways is math used in accounting
Explain financial accounting.
What is full rate on plywood box in haryana sale tax:
What is the importance of accounting standards?
which type of questions did HR Manager ask and what are the answers
we are import a cnc machine, we have availed customs duty, CVD & Additional duty credit?
could i know how to accounting lease intrest ?
Where should tds received should show in balance sheet?
The following information is extracted from the audited books of accounts of a chain of food stores for the period ended 31st December 2015. Revenue Statement (Trading and Profit and Loss Account for the year ended 31st December 2015. BWP’000 BWP’000 Sales 460 Cost of good sold (220) Gross profit 240 Wages 50 Other expenses 30 (80) Net Profit 160 Note: The purchase figure included in the cost of goods sold of P255 000. Balance Sheet as at 31st December 2015 BWP’000 BWP’000 Fixed Assets 400 Current assets: Stock 80 Debtors (trade) 120 Bank 400 ----- [600] Current liabilities: Trade creditors 300 ------ [300] 300 Net Assets 700 ==== Financed by: Share capital 600 Revenue reserves 100 ------ 700 Shareholders Funds 700 ===== Required: (a) Calculate the following accounting ratios: (i) Current ratio (ii) Acid test ratio (iii) Stock turnover (in days) (iv) Debtors turnover (in days) (v) Creditors turnover (in days) (vi) Return on capital employed (ROCE) (vii) Gross profit percentage (viii) Net profit percentage (b). Give a brief comment on the performance of the company, based on the above ratios.
Where do generally accruals appear on the balance sheet?
What would greater impact a firms valuation, a 10% reduction in revenues or 1% reduction in discount rate?
What Entery Should Made When Godown Rent Paid in Advance At The Time Of Agreement.Transation Is as Below * Rent Paid To XYZ (OWNER OF PROPERTY) For Running Month. * One Month Rent In Advance Tenent will Always pay rent amt 1st of every month. How can we do entry every month and How can party's a/c will due on ending every month. How can party a/c Show ADVANCE RENT. Please enter every entery including JV. With time when it is necessary.
How do you build a successful business relationship?
A manufacturer want to sale his product in Rs 110/ where his manufacturing cost is 100.what will be tax for the product in different way.If he want to sale his product outside the state then what will be the taxation way. I want to know as urgent.Hope you will describe me as brakewise statement with example.
