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adjusting entry machinary capitalised

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 January 2011 Hi.my firm purchased machinary in 2008
for 550000 and paid the bill ,but form St 38 shows value for 612000.my balance sheet for 2008-09 already filed. can anyone tell me what adjusting entry to pass So that balance sheet need not to change in 2008.how to capitalised the balance figure of 62000.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
16 January 2011 If the higher amount as shown in ST38 is not supported by payment, then no entry is required.
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CA SURENDRA KUMAR RAKHECHA

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CA SURENDRA KUMAR RAKHECHA (Expert)
16 January 2011 The answer given by Mr. Paras Bafna is perfect one that is why he is smiling.

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