Advanced Income Tax Act 2025
what will be the journal entry for expense which is capital nature........... please help
Dear Mohammed,
If Aseet has been acquired or it has come to existence -
Asset(like Plant, Building, etc).................Dr
TO Cah/Bank/Creditor
IF asset has not been acquired or it has not come to existence then -
Capital Work in progress(CWIP)....................Dr
TO Cash/ Bank/Creditor
Good answer.....Amir bhai.......
good answar
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