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Interstate purchase fixed assets against "c" form how can i enter this bill.
Party value:- 2000000
Cst :- 40000
Machinery:- 2040000
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Answer / rama
as per my knowledge purchase fixed assets(purchase Local or interstate) raised the Journal voucher.
debited plant and machinery
credited in the party account.
issued the C From at the end of the Quarter.
| Is This Answer Correct ? | 8 Yes | 1 No |
Answer / manish
Yes you are right about journal entry for fixed assets.
if you are doing inventry in your book than how can you maintain rates of assesable value or cst value.
| Is This Answer Correct ? | 2 Yes | 0 No |
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