Journal Entry for Fixed Asset.
This query is : Resolved
18 March 2011
What will be the Journal Entry for Personal Fixed Asset brought into Business? Whether to pass a Journal Voucher entry?
Please reply. Its urgent.
Thank You
Please reply. Its urgent.
Thank You
18 March 2011
Fixed Asset A/c....Dr
To Capital A/c....Cr
(If invested as a capital contribution)
Fixed Asset A/c... Dr
To Cash/Bank A/c....Cr
(If payment is made for the value of the asset)
To Capital A/c....Cr
(If invested as a capital contribution)
Fixed Asset A/c... Dr
To Cash/Bank A/c....Cr
(If payment is made for the value of the asset)
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18 March 2011
In case of Non Corporate:
Fixed Asset a/c Dr
To Capital a/c
In case of Companies:
Fixed Asset a/c dr
To personal Account
Fixed Asset a/c Dr
To Capital a/c
In case of Companies:
Fixed Asset a/c dr
To personal Account
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1 times
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