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Instalation chrges on machinery debited to repairs and
maintenance a/c.is it correct,if not correct write the
rectification entry
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Answer / waqas
let machinery cost is 10000
let installation charges is 1000 it will be added in cost as
machinery 11000
cash 11000
all charges include in cost before its work.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / g.rajagopalan
Machinery A/c Dr.
To Repair & Maintenance A/c Cr
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / t.r. mohanty
Machinery A/c Dr.
To Cash/Bank A/c Cr.
(in case of payment of instalation charges)
| Is This Answer Correct ? | 1 Yes | 3 No |
what is securites
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Do I need a waybill in the following case:- If I purchase (on bill) small quantity goods (like artificial jewelry) from one state (say Delhi) and transports it personally (say via flight) to other state (say West Bengal) along with my personal belongings and then I put them to sell through my boutique in that state. Do I need waybill? If yes, what will be the procedure? Do I need to pay entry tax at WB? What will be the procedure? Am I doing anything unlawful while transferring goods personally? Please give your advice. Regards, Manoj
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