Fixed assets
This query is : Resolved
28 February 2012
Dear Sir,
Pls suggest, How to pass entries for purchase of Machinery, Electrical Instalation & how to capitalised the same. Urgent.
Tnks.
Pls suggest, How to pass entries for purchase of Machinery, Electrical Instalation & how to capitalised the same. Urgent.
Tnks.
28 February 2012
Create one Machinery A/c. Ledger and debit purchase of machinery & installation both that ledger only
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28 February 2012
Create the Plant and machinery A/c under Fixed assets group. then Debit the Cost of machinery and installation charges and credit to the Party ledger.
If you require you can also have by individual Machinery name instead of General Plant and machinery A/c
If you require you can also have by individual Machinery name instead of General Plant and machinery A/c
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