Can anyone tell me that when we purchases a fixed asset like
Machinery its our capital Expenditure and after acquetion of
this assets the expenses like unloading loading, and some
other parts for reparing purchase for this in which account
i have to enter.

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Can anyone tell me that when we purchases a fixed asset like Machinery its our capital Expenditure..

Answer / rajashekhar

Trading a/c dr or carriage alc DR

or p/L a/c dr OR Repair Alc DR

TO Cash a/c

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Can anyone tell me that when we purchases a fixed asset like Machinery its our capital Expenditure..

Answer / praan

it should be entered in debit side of the profit and loss
account that menas expenses side it should be diducted .

Is This Answer Correct ?    0 Yes 2 No

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