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Stock Transfer To Fixed Assets

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Last Year 2025-26 Stock Item Transfer To Fixed Assets 

Assets Dr.

purchase Cr. 

But There is a minor issue This is last year stock and in this year we are no purchasing anything and another side we marge this another buisness so what should i do for clearing this because in this firm there purhcase show in cr. 

 

Replies (1)
  • Your original entry (Asset Dr. / Purchase Cr.) is wrong
  • Reverse it: Purchase Dr. / Asset Cr.
  • Pass correct entry: Asset Dr. / Stock Cr.
  • If prior year → adjust via opening balance / prior period
  • Clean books before merger to avoid complications


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