How you pass entry in accounts and inventory when a manufacturing concern use their finished goods for creating a fixed asset ?

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Posted by:
Wasi Rahman Sheikh
05-February-2015

Accounting Physical Inventory

Question added by Muhamed Jasim Pilathottathil , Head - Audit & Taxation , Vaiga Consultancy Services (P) Ltd
Date Posted: 2014/04/14

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1 Answers

by Prince Ninan , Audit Executive , Lewis & Pecker

Fixed asset a/c dr

Finished goods a/c cr

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