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

Answer Posted / raghu.v.

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

Is This Answer Correct ?    4 Yes 0 No



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