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SHARATH S M (Querist)
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23 January 2017 Sir .I'm accounting a motor company and I'm not getting how to take posting in tally for the iron used for construction of the company..I have bill with me of iron purchased.. pls do someone help me out..

Anand

Anand (Expert)
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23 January 2017 1. Stock of Iron A/c ......Dr
To Vendor A/c
(Purchase of Iron)
2. Vendor A/c
To Bank A/c
(Payment to Vendor)

3. Building A/c
to Stock of Iron
(to the extent iron is issued for consumption in construction of building)

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