Purchase of Fixed Asset for Rs.800000/- by cash

Manjunath K (141 Points)

02 August 2019  
Dear All,

We are newly started a business and purchased a fixed assets worth of Rs.8 lacs and more through cash payments.... And all the assets are billed in our business name kindly suggest me how can I show this assets in my books. We are 3 partners just before 1 year we started the business.