i have one doubt. i purchases of fixed assets from other
state the value 5 lack. the transpotation cost of 50
thousand now the value of fixed asstes is 550000 or only 5
lack, it is right or worng .. pls cleare my question

Answer Posted / rajesh

Hai you can debit Rs.550000/-. in Fixed itself . Not only
this if you are installing this machine & labour cost also
you can debit in Fixed assets

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