Accounting enries

Dear krishna prashad

1. a/c ing entries for conversion of fixed assets in to stock in trade are;

Stock in trade  a/c         Dr               (book value)

 To fixed assets a/c                                     (book value)

2. a\c ing entries for sale is;

      Debtor a|c                  Dr.

              To sales

Regards

Vineet kumar

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