Accounting entry for fixed assets
This query is : Resolved
30 July 2011
What is the A/cing entry for Purchase of Fixed Assets less than 5000 Rs.
If We purchase Fixed Assets during the year more than 1 time and Amt.is cross the 5000 entry than what entry should be passed in the books of co.
What is the A/cing entry for Purchase of Fixed Assets less than 5000 Rs.
If We purchase Fixed Assets during the year more than 1 time and Amt.is cross the 5000 entry than what entry should be passed in the books of co.
30 July 2011
Rs.5000 Limit need to be considered for single asset.
accounting entry, you need to debit the particular fixed assets only. and provide 100% depreciation, asset record will be there depreciation provision also can be tracked
accounting entry, you need to debit the particular fixed assets only. and provide 100% depreciation, asset record will be there depreciation provision also can be tracked
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