Conversion of stock in trade into fixed assets
This query is : Resolved
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??
12 August 2014
you are tfr the stock on your cost
fixed assts a/c
to purchases
fixed assts a/c
to purchases
12 August 2014
you are tfr the stock on your cost
fixed assets a/c
to purchases
fixed assets a/c
to purchases
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.
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