Accounting entries

This query is : Resolved 

16 February 2009 A petrol pump is sold on 30-9-2008. The Closing Stock as on that date was carried on by the buyer in his books at the cost price. What entries the seller should pass in his books regarding the stock and VAT input taken over by the buyer.
Please ans.
Thanx

16 February 2009 A regular Sale Invoice is to be Raised, with Cost price.


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