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Author : Anonymous
( Author )
11 May 2012
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Hey Friends,
Please help me with this,
As I know Capitalisation of Fixed Assets will on the date of Installation or say on Put to use date.
Suppose My business is of Projectors which I Sale as well as give on rental basis,
So I Purchase any Projector I treat it in Stock & any Projector when I Rental I Transfer it to Fixed Asset
My Question is if I Want to Transfer One Projector From My Opening Stock How & What will be treatment for this??
Journal Entry for the same in Tally ERP 9??
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Siddhartha Bhardwaj
( Expert )
11 May 2012
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Do you maintain details stock wise? Means do you show each and every projector as a separate stock item or do you club all of them?
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Author : Anonymous
( Author )
11 May 2012
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Yes we maintain Details Stock
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Author : Anonymous
( Author )
11 May 2012
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will it be treated as Prior Period Income??
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Author : Anonymous
( Author )
11 May 2012
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AS it impacts my last year's profit??
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