https://www.taxtmi.com/forum/issue?id=107750 Whether a debit note may be issued for a fixed asset already capitalised and depreciated and which ledger heads to credit when the debit note is raised to a related party. The practitioner questions debiting the party and crediting Plant and Machinery or WIP after capitalisation and depreciation, and whether capital asset or depreciation accounts must be reversed, adjusted, or left unchanged while recording the related party balance. en-us Mon, 22 Dec 2014 11:24:52 +0530 Thu, 23 Jan 2025 15:57:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=107750 Whether a debit note may be issued for a fixed asset already capitalised and depreciated and which ledger heads to credit when the debit note is raised to a related party. The practitioner questions debiting the party and crediting Plant and Machinery or WIP after capitalisation and depreciation, and whether capital asset or depreciation accounts must be reversed, adjusted, or left unchanged while recording the related party balance. Discussion-Forum Companies Law Mon, 22 Dec 2014 11:24:52 +0530 https://www.taxtmi.com/forum/issue?id=107750