Example we purchased machinery Dt.1-1-18 Rs.500000/- installation charges dt.15-1-18 Rs. 50000/- insurance Rs.40000/- freight charges Rs. 30000/-
how to pass journal entries? treatment of all expenses? capitalisation of asset?
capitalisation of asset on which date?
plz help me, tq for ur support.
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fixed asset capitalisation
Replies (1)
pass separate entry by capitalising exp. chronologically
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