Fixes asset


Mukesh Kumar (Accounts Manager)     15 July 2015

Mukesh Kumar
Accounts Manager 
 53 likes  1461 points

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DEAR SIR,

WE ARE RUNNING TWO PROPRITERSHIP FIRM  A  AND B.

WE PURCHASE A TRUCK   ON LOAN IN A FIRM ,

WE MAKE ENTRY IN FIXED ASSET OF TRUCK AND MADE LOAN PAYMENT ,

AFTER OVER LOAN (2YEAR), WE TRANSFER RC( OWNER NAME  )   OF  TRUCK TO NAMED FIRM B , TAKE LAON  REFINANCE IN FIRM B .  FILE ITR BOTH FIRM .

BUT  UN FORTUNATTLY  WE DO NOT ENTRY TRANSFER IN FIXES ASSET  MEANS WE   SHOW   THE TRUCK IN FIRM A FIXES ASSET  NOT IN FIRM B ,

AT PRESET OUR TRUCK  SHOW IN FIXES ASSET IN FIRM A , BUT  LOAN  AND RC NAME ( OWER ) IN FIRM B  . WE ALSO FILE LAST TWO ITR AS SAME ENTRY .

 NOW PLZ TELL HOW ADJUST AND CORRECT OUR ACCOUNT BOOK 

THANKS IN ADVANCE 




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