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Assets Pur.

This query is : Resolved 

Dear Sir,
Pls suggest me what should be effect in the books of a/c if we purchase fix. assets like machinery , computer , printer etc., capitalised the same & make the payment.

Tnks.


(1) Asset A/c Dr.
To Vendor A/c
(2) Vendor A/c Dr.
To Bank A/c

or simply
Asset A/c Dr.
To Bank A/c


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