its been a while since i did accounting entries for fixed asset. can someone tell me if i should recognise consumption tax when i post fixed asset entries? i have forgotten.
should it be option A or option B?
option A (no-ctax)
dr fixed asset 550
cr payables 550
option B
dr fixed asset 500
dr ctax 50
cr payables 550
please help to share the national tax agency consumption tax rules for fixed asset too.
by BitterAcanthisitta79