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 the working formula for Working Capital
what is Calculation of Depreciation for 4 to 5 Years?
Why you want to leave your present job while they offer you with good offer?
Feature of Master letter of credit of Garments manufacturing company?
Is bank charge an assest, equity or liability?
loss of pay for a employee when he is not having single leave bal. in his account that time what is the calculation 2) what exactly the days to be considered i.e. 26 days or 27 days i.e. to arrive at salary per day what exactly the days to be divid
why we prepare the brs
What is the name of the first bank in India
What is Deposit Clearing House ?
i have one question.when using fbra for reset clearing,message exchange rate different was posted and i have do reversalon the same time using fb08 but unfortunately i' m not authorize to use this transaction.my collegue only have.so how should i do.please advise
STAte clearly the domain and range of random variable
Balance sheet identity