Machinery purchased on 1/04/2014 for Rs.200000 depreciation@10% (SLM)

Machinery sold for Rs. 130000 on 30/04/16

What is Loss on sale of Fixed Assets?

View Answer

Pass Entries for Depreciation

Entry for depreciation 1st year(1/04/2014 to 31/3/2015)

View Answer

Entries For Depreciation for 2nd year (1/04/2015 to 31/03/2016)

View Answer

Entries For Depreciation for one month (1/4/2016 to 30/04/2016)

View Answer

Entries For Sale of Fixed assets

View Answer
Go Ad-free
CA Maninder Singh's photo - Co-founder, Teachoo

Made by

CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.