We are facing problem in Capital Goods when our other unit
send us Capital goods we book it in Fixed assets but if we
transfer the same capital goods to other unit we have to
make sale bill in which this item goes to inventory, and the
qty is shown as negative balance, but our unit is asking for
Invoice, Please explain how we will settle this qty from
assets as per excise rule.
Answer / surendra
If u r Doing business i.e sale and purchase of assets, then
it is treated as a stock in trade and not as a fixed assets,
so at the time of first purchase u have to enter those items
as a stock, and at the time of sale u can straight away
raise the sale invoice
Is This Answer Correct ? | 0 Yes | 0 No |
How to pass accounting entry for a tender cost and under which head? and how to show joint venture in venture's accounting books?under which head?
what is the eligible to deduct the professional tax?
purchase plant and machinery
Rent is direct income or indirect income
Why an Expenditure is called Differed?
what is Debtors & Creditors management
What are the effects of international accounting standards on accounting practices of developing nations?
What is the ment of Classifying?
please explain all accounting concepts n conventions in detail
WHAT IS THE DIFFRANCE B/W THE PREFERENCE SHARES AND EQUITY SHARES....
i want make credit card ledger. which group under its come?
What is Deferred Asset..?