Most Urgent. How to convert trading items into fixed assets?


Please tell me how to convert trading items into fexed assets? Now the stocks were transferred to HO which is not dealing with trading. Those stocks has to be nullified in the HO items and should be added to the Fixed Assets. The asset heads are already created. How to transfer to Fixed Assets.

Thanks and regards.


you cannot.

you have to make a negative adjustment for the items, create FA card, and post the FA acquisition on the FA journal