Conversion of stock in trade into fixed assets
This query is : Resolved
sachin shenoy
(Querist)
12 August 2014
What is the accounting entry for conversion of stock in trade into fixed assets?
How profit & loss account will be affected by these entries??
How profit & loss account will be affected by these entries??
Rupesh Jain
(Expert)
12 August 2014
you are tfr the stock on your cost
fixed assts a/c
to purchases
fixed assts a/c
to purchases
Rupesh Jain
(Expert)
12 August 2014
you are tfr the stock on your cost
fixed assets a/c
to purchases
fixed assets a/c
to purchases
sachin shenoy
(Querist)
12 August 2014
What will be the entry if the closing stock and opening stock are same?
20 July 2024
If the opening stock and closing stock are the same, it implies that there is no change in the quantity or value of the stock during the accounting period.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
