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How 907200 come into Accounts as balance c/d is 972000
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It's book value was 61560. Do we need to include depreciation 3240 if so is there any rule saying depreciation also to be included along with book value and then deduct sum of that from balance c/d? If so that I am not understanding the logic behind it
Thread Starter
Sugam SMSo if we show direct deduction of 64800 is enough in working note
You will need to charge 6 months' depreciation from the opening balance to arrive at WDV at the time of sale.
CA Suraj Lakhotia Admin
This is the final breakup of answer.
Sir you have accounted seperately for understanding but when it comes to presentation of answer we need to account it together but providing seperate working notes?
Thread Starter
Sugam SMSir you have accounted seperately for understanding but when it comes to presentation of answer we need to account it together but providing seperate working notes?
You can prepare separate working note and show a single ledger.
CA Suraj Lakhotia Admin
You can prepare separate working note and show a single ledger.
Seperate working notes for machine sold and machine is left but both under single ledger heading i.e., machinery account
CA Suraj Lakhotia Admin
You can prepare separate working note and show a single ledger.
Sir I have another doubt i.e., in trial balance will carriage outward come in trial balance?
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