diff --git a/erpnext/assets/doctype/asset/asset.py b/erpnext/assets/doctype/asset/asset.py
index 06dfa19..a3200d5 100644
--- a/erpnext/assets/doctype/asset/asset.py
+++ b/erpnext/assets/doctype/asset/asset.py
@@ -32,7 +32,7 @@
 		self.validate_in_use_date()
 		self.set_status()
 		self.make_asset_movement()
-		if not self.booked_fixed_asset and is_cwip_accounting_enabled(self.asset_category):
+		if not self.booked_fixed_asset and self.validate_make_gl_entry():
 			self.make_gl_entries()
 
 	def before_cancel(self):
@@ -455,18 +455,55 @@
 			for d in self.get('finance_books'):
 				if d.finance_book == self.default_finance_book:
 					return cint(d.idx) - 1
+	
+	def validate_make_gl_entry(self):
+		purchase_document = self.get_purchase_document()
+		asset_bought_with_invoice = purchase_document == self.purchase_invoice
+		fixed_asset_account, cwip_account = self.get_asset_accounts()
+		cwip_enabled = is_cwip_accounting_enabled(self.asset_category)
+		# check if expense already has been booked in case of cwip was enabled after purchasing asset
+		expense_booked = False
+		cwip_booked = False
+
+		if asset_bought_with_invoice:
+			expense_booked = frappe.db.sql("""SELECT name FROM `tabGL Entry` WHERE voucher_no = %s and account = %s""",
+				(purchase_document, fixed_asset_account), as_dict=1)
+		else:
+			cwip_booked = frappe.db.sql("""SELECT name FROM `tabGL Entry` WHERE voucher_no = %s and account = %s""",
+				(purchase_document, cwip_account), as_dict=1)
+
+		if cwip_enabled and (expense_booked or not cwip_booked):
+			# if expense has already booked from invoice or cwip is booked from receipt
+			return False
+		elif not cwip_enabled and (not expense_booked or cwip_booked):
+			# if cwip is disabled but expense hasn't been booked yet
+			return True
+		elif cwip_enabled:
+			# default condition
+			return True
+
+	def get_purchase_document(self):
+		asset_bought_with_invoice = self.purchase_invoice and frappe.db.get_value('Purchase Invoice', self.purchase_invoice, 'update_stock')
+		purchase_document = self.purchase_invoice if asset_bought_with_invoice else self.purchase_receipt
+
+		return purchase_document
+	
+	def get_asset_accounts(self):
+		fixed_asset_account = get_asset_category_account('fixed_asset_account', asset=self.name,
+					asset_category = self.asset_category, company = self.company)
+
+		cwip_account = get_asset_account("capital_work_in_progress_account",
+			self.name, self.asset_category, self.company)
+		
+		return fixed_asset_account, cwip_account
 
 	def make_gl_entries(self):
 		gl_entries = []
 
-		if ((self.purchase_receipt \
-			or (self.purchase_invoice and frappe.db.get_value('Purchase Invoice', self.purchase_invoice, 'update_stock')))
-			and self.purchase_receipt_amount and self.available_for_use_date <= nowdate()):
-			fixed_asset_account = get_asset_category_account('fixed_asset_account', asset=self.name,
-					asset_category = self.asset_category, company = self.company)
+		purchase_document = self.get_purchase_document()
+		fixed_asset_account, cwip_account = self.get_asset_accounts()
 
-			cwip_account = get_asset_account("capital_work_in_progress_account",
-				self.name, self.asset_category, self.company)
+		if (purchase_document and self.purchase_receipt_amount and self.available_for_use_date <= nowdate()):
 
 			gl_entries.append(self.get_gl_dict({
 				"account": cwip_account,
diff --git a/erpnext/assets/doctype/asset/test_asset.py b/erpnext/assets/doctype/asset/test_asset.py
index a0f8d15..aed78e7 100644
--- a/erpnext/assets/doctype/asset/test_asset.py
+++ b/erpnext/assets/doctype/asset/test_asset.py
@@ -560,6 +560,81 @@
 
 		self.assertEqual(gle, expected_gle)
 
+	def test_gle_with_cwip_toggling(self):
+		# TEST: purchase an asset with cwip enabled and then disable cwip and try submitting the asset
+		frappe.db.set_value("Asset Category", "Computers", "enable_cwip_accounting", 1)
+
+		pr = make_purchase_receipt(item_code="Macbook Pro",
+			qty=1, rate=5000, do_not_submit=True, location="Test Location")
+		pr.set('taxes', [{
+			'category': 'Total',
+			'add_deduct_tax': 'Add',
+			'charge_type': 'On Net Total',
+			'account_head': '_Test Account Service Tax - _TC',
+			'description': '_Test Account Service Tax',
+			'cost_center': 'Main - _TC',
+			'rate': 5.0
+		}, {
+			'category': 'Valuation and Total',
+			'add_deduct_tax': 'Add',
+			'charge_type': 'On Net Total',
+			'account_head': '_Test Account Shipping Charges - _TC',
+			'description': '_Test Account Shipping Charges',
+			'cost_center': 'Main - _TC',
+			'rate': 5.0
+		}])
+		pr.submit()
+		expected_gle = (
+			("Asset Received But Not Billed - _TC", 0.0, 5250.0),
+			("CWIP Account - _TC", 5250.0, 0.0)
+		)
+		pr_gle = frappe.db.sql("""select account, debit, credit from `tabGL Entry`
+			where voucher_type='Purchase Receipt' and voucher_no = %s
+			order by account""", pr.name)
+		self.assertEqual(pr_gle, expected_gle)
+
+		pi = make_invoice(pr.name)
+		pi.submit()
+		expected_gle = (
+			("_Test Account Service Tax - _TC", 250.0, 0.0),
+			("_Test Account Shipping Charges - _TC", 250.0, 0.0),
+			("Asset Received But Not Billed - _TC", 5250.0, 0.0),
+			("Creditors - _TC", 0.0, 5500.0),
+			("Expenses Included In Asset Valuation - _TC", 0.0, 250.0),
+		)
+		pi_gle = frappe.db.sql("""select account, debit, credit from `tabGL Entry`
+			where voucher_type='Purchase Invoice' and voucher_no = %s
+			order by account""", pi.name)
+		self.assertEqual(pi_gle, expected_gle)
+
+		asset = frappe.db.get_value('Asset', {'purchase_receipt': pr.name, 'docstatus': 0}, 'name')
+		asset_doc = frappe.get_doc('Asset', asset)
+		month_end_date = get_last_day(nowdate())
+		asset_doc.available_for_use_date = nowdate() if nowdate() != month_end_date else add_days(nowdate(), -15)
+		self.assertEqual(asset_doc.gross_purchase_amount, 5250.0)
+		asset_doc.append("finance_books", {
+			"expected_value_after_useful_life": 200,
+			"depreciation_method": "Straight Line",
+			"total_number_of_depreciations": 3,
+			"frequency_of_depreciation": 10,
+			"depreciation_start_date": month_end_date
+		})
+
+		# disable cwip and try submitting
+		frappe.db.set_value("Asset Category", "Computers", "enable_cwip_accounting", 0)
+		asset_doc.submit()
+		# asset should have gl entries even if cwip is disabled
+		expected_gle = (
+			("_Test Fixed Asset - _TC", 5250.0, 0.0),
+			("CWIP Account - _TC", 0.0, 5250.0)
+		)
+		gle = frappe.db.sql("""select account, debit, credit from `tabGL Entry`
+			where voucher_type='Asset' and voucher_no = %s
+			order by account""", asset_doc.name)
+		self.assertEqual(gle, expected_gle)
+
+		frappe.db.set_value("Asset Category", "Computers", "enable_cwip_accounting", 1)
+
 	def test_expense_head(self):
 		pr = make_purchase_receipt(item_code="Macbook Pro",
 			qty=2, rate=200000.0, location="Test Location")
diff --git a/erpnext/assets/doctype/asset_movement/asset_movement.py b/erpnext/assets/doctype/asset_movement/asset_movement.py
index 3a08baa..3da355e 100644
--- a/erpnext/assets/doctype/asset_movement/asset_movement.py
+++ b/erpnext/assets/doctype/asset_movement/asset_movement.py
@@ -110,6 +110,7 @@
 				ORDER BY
 					asm.transaction_date asc
 				""", (d.asset, self.company, 'Receipt'), as_dict=1)
+
 			if auto_gen_movement_entry and auto_gen_movement_entry[0].get('name') == self.name:
 				frappe.throw(_('{0} will be cancelled automatically on asset cancellation as it was \
 					auto generated for Asset {1}').format(self.name, d.asset))