Capitalize stock

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Balram (Querist)
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01 July 2013 Dear expert,
We are Manufacture of printing machine and want to transfer our old Stock from stock to fixed assets(Machine,)so which type of entry have pass on? and any liability we will have to pay for this transfer.

Thanks
BALRAM

Rupesh Jain

Rupesh Jain (Expert)
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02 July 2013 pls raise bill in your name as you raise sale bill to other

and then make capitalization entry in books

Balram

Balram (Querist)
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03 July 2013 sir
will we have to pay tax for raising sale bill to self.and what will be percentage of the tax we have to pay.

Thanks & Regards
Balram

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