What are the accounting entries for fixed asset acquisition:
Dr. Fixed Asset
Cr. Cash / Creditors
( Being fixed asset purchased)
What if the fixed asset acquisition is financed via Hire Purchase, what would be the entries then:
D. Fixed Asset
Cr. Creditors
Dr. Creditors
Cr. Hire Purchase Liability
Wednesday, November 26, 2008
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3 comments:
It is very interesting for me to read the article. Thanx for it. I like such topics and anything connected to this matter. I definitely want to read more on that blog soon.
What if assets are being used by a new business which inherits it from the desolved business...
Keep on posting such articles. I like to read blogs like that. BTW add more pics :)
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