Journal Entry for Fixed Asset.
This query is : Resolved
18 March 2011
What will be the Journal Entry for Personal Fixed Asset brought into Business? Whether to pass a Journal Voucher entry?
Please reply. Its urgent.
Thank You
Please reply. Its urgent.
Thank You
18 March 2011
Fixed Asset A/c....Dr
To Capital A/c....Cr
(If invested as a capital contribution)
Fixed Asset A/c... Dr
To Cash/Bank A/c....Cr
(If payment is made for the value of the asset)
To Capital A/c....Cr
(If invested as a capital contribution)
Fixed Asset A/c... Dr
To Cash/Bank A/c....Cr
(If payment is made for the value of the asset)
Message likes :
1 times
18 March 2011
In case of Non Corporate:
Fixed Asset a/c Dr
To Capital a/c
In case of Companies:
Fixed Asset a/c dr
To personal Account
Fixed Asset a/c Dr
To Capital a/c
In case of Companies:
Fixed Asset a/c dr
To personal Account
Message likes :
1 times
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
- Reopen of assessment proceeding
- Depreciation of fixed assets- coop housing society in mumbai
- TDS on Consultancy- Non DTAA
- Management System (IMS)
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- EPF FULL & FINAL RULES IN 2026
- Rental income gst and it purpose
- Gift Received from nonblood relative
- FTS Taxable under 115A
- 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
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
