Easy Office
Easy Office

Capitalisation fo fixed assets

This query is : Open 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
11 May 2012 Hey Friends,

Please help me with this,

As I know Capitalisation of Fixed Assets will on the date of Installation or say on Put to use date.

Suppose My business is of Projectors which I Sale as well as give on rental basis,

So I Purchase any Projector I treat it in Stock & any Projector when I Rental I Transfer it to Fixed Asset

My Question is if I Want to Transfer One Projector From My Opening Stock How & What will be treatment for this??

Journal Entry for the same in Tally ERP 9??
Profile Image

CA Siddhartha Bhardwaj

Profile Image

CA Siddhartha Bhardwaj (Expert)
11 May 2012 Do you maintain details stock wise? Means do you show each and every projector as a separate stock item or do you club all of them?
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
11 May 2012 Yes we maintain Details Stock
Upgrade to CAclubindia Pro. Subscribe Now!

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
11 May 2012 will it be treated as Prior Period Income??
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
11 May 2012 AS it impacts my last year's profit??

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links