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Pur. of fixed assets from resreves

This query is : Resolved 
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(Querist)
30 August 2013 HELLO EXPERT

HOW COMPANY CAN PURCHASE FIXED ASSETS FROM RESERVES OR ACCUMULATED PROFITS & WHAT ARE THE JOURNAL ENTRIES. PLEASE HELP ME
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
31 August 2013 even you can purchase out of reserves. the journal entries are normal fixed asset entries only
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