Accounting for increases in tangible fixed assets

Front

Buying a tangible fixed asset which used for operation

Back

Dr 211 – Tangible fixed assets (prices without VAT)

Dr 133 – Deductible VAT (Input VAT)

  Cr 111, 112, etc. (Total payment)

  Cr 331 – Trade payables

  Cr 341 – Borrowings and finance lease liabilities

Front

Recording registration fee

Back

Dr 211 – Tangible fixed assets

  Cr 3339 – Fees, charges and other payables

Front

When paying registration fee

Back

Dr 3339 - Fees, charges and other payables

  Cr 111, 112

Front

Other expenses: installation or testing costs , preparation cost, delivery cost, … → Ready-for-use

Back

Dr 211 – Tangible fixed assets (Prices without VAT)

Dr 133 – Deductible VAT (Input VAT)

  Cr 111, 112, 331, … (Total payment)

Front

Transferring resources that formed fixed assets (if any)

Back

Dr 441 – Basic construction fund

  Dr 414 -Investment and development fund

  Dr 3532 – Welfare fund

   Cr 411 – Owner’s invested equity