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What Is The Entry Of fixed Assets & Which Ledger? How Many
Entries Are Posted For 1 Transaction? If We Paurchase Asset
From XYZ Ltd. & Make Payment.

Answer Posted / kiran

FIXED ASSETS(ANYTHING)A/C DR
TO XYZ A/C

( BEING PURCHASE FIXED ASSETS FROM XYZ)


XYZ A/C DR
TO BANK A/C

(PAYMENT BY BANK)

Is This Answer Correct ?    14 Yes 2 No



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