Entry of purchase of fixed assets

happypatel (asst. accountant) (29 Points)

08 December 2011  

hello,

we have purchased fixed assets like computer,telephones.

i have paid bill amount with vat and additional tax..now we are not taken credit of tax amount..

so i can make entry in tally like below..is right or not..

Computer Dr.25000

VAt12.5% Dr.3125

Add.Tax 2.5%  Dr.625

     Xyz Cr.28750 

is this right or not.