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
- 3054 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
how to pass provision salary full and settlement(inclusive Bonus,Gratutity etc )please show me entry
If assume we paid 50/- as an advance for worth or 100/- goods, but our supplier sent only up to 25/- worth of goods. Know my question is that we want to close the transaction now and how it possible? What about vat like tax setups in ap and ar? What about the sweep command in ap?
I m entering much more than 500-700 sales vouchers per month. But I m getting a problem while entering sale voucher is that If I have entered a sale voucher in the middle of a date then the voucher no is being changed. So how can enter a sale voucher in the middle of a date so that i can adjust the voucher nos from changing.
How do you build a successful business relationship?
In South Africa , the current rate for value added tax is ?
What does the investment of personal assets by the owner will do?
What is the difference between consigner and consignee?
FROM WHERE I WILL GET PREVIOUS QUESTION PAPER OF JUNIOR ACCOUNTS OFFICER TEST OF B S N L
As you know executive accounting?
I have 4 four category of emplies say Admn/Markting/Procurment/Production and the employees of thee category have there bank accounts in 5 or six different banks. How can i generate Payroll advice for the employees having account in A Or B OR C Or D falling under above category
What can go wrong if you have a balance sheet with a lot of debt? What can go wrong if there is negative owner's equity? What does a good cash flow statement look like and why?
Tell me whether the account “cash” will be credited or debited, when a company pays a bill?
Can CPF share given by govt. added in the Financial gross salary while calculating Total gross salary at the end of Financial year.For eg: My gross salary is Rs.X during a Fin. year & govt share of CPF is Y then Total Fin. Year gross salary is =X+Y,is it correct?
What is the purpose of financial statements?
What is mean by Asset area?
