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Interstate purchase fixed assets against "c" form how can i enter this bill.
Party value:- 2000000
Cst :- 40000
Machinery:- 2040000

Answer Posted / rama

as per my knowledge purchase fixed assets(purchase Local or interstate) raised the Journal voucher.
debited plant and machinery
credited in the party account.
issued the C From at the end of the Quarter.

Is This Answer Correct ?    8 Yes 1 No



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