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This query is : Resolved
29 November 2010
1. what should be the entry of fixed-assets in journal, i mean purchasing of machine and also depreciation for the end of the year.
29 November 2010
on purchase
f.a a/c dr
To creditor/cash a/c
year end depreciation
P&l a/c dr
To depreciation
f.a a/c dr
To creditor/cash a/c
year end depreciation
P&l a/c dr
To depreciation
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