Whether purchase of a fixed asset comes in receipt & payment account or no

Whether purchase of a fixed asset comes in receipt & payment
account or not?

Question Posted / ravi

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Whether purchase of a fixed asset comes in receipt & payment account or not?..

If we have purchase made of Fixed asset we have record in
Journal voucher ,that,

Fixed assets a/c Dr 500
Supplier /ac Cr 500

After we have made payment to them,That,

Supplier a/c Dr 500
Cash /Bank Cr 500

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Whether purchase of a fixed asset comes in receipt & payment account or not?..

Answer / ravi

suppose we buy a computer fro rs.30000/0-, then whether that
amount will be shown in receipt & payment account or income &
expenditure account or not?

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Whether purchase of a fixed asset comes in receipt & payment account or not?..

Answer / sunil kumar

Payment account

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