accuunting entry of purchases

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 June 2011 i m student in fY bcom so plz tell mi about my quary give ans. as early as possible.

1)if purchase machine but it not related to business. that time what is a entry book in tallyERP9

2)if purchase cartridge but it not related to business. that time what is a entry book in tallyERP9
plz give sugession.

CA. Shushil Kumar

CA. Shushil Kumar (Expert)
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07 June 2011 Purchase-Raw Material A/c Dr xxxx
To Cash A/c xxxx

Message likes : 1 times

CA M. ASIF FAROOQUI

CA M. ASIF FAROOQUI (Expert)
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07 June 2011 PURCHASE-RAW MATERIAL A/C DR
VAT A/C DR(IF ELIGIBLE FOR CREDIT APPLICABLE)
TA CASH A/C

CA M. ASIF FAROOQUI

CA M. ASIF FAROOQUI (Expert)
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07 June 2011 PURCHASE-RAW MATERIAL A/C DR
VAT A/C DR(IF ELIGIBLE FOR CREDIT APPLICABLE)
TA CASH A/C

Pankaj Gandhi Jaiswal

Pankaj Gandhi Jaiswal (Expert)
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12 June 2011 Please specify the meaning of not realted to busienss then i may be able to answer. If related to business then simple debit the ledgers of Machinery/Printing & Stationery as the case may , Debit any Input VAT if any and credit the creditor

CA M. ASIF FAROOQUI

CA M. ASIF FAROOQUI (Expert)
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18 June 2011 as you said that purchase is not related to business,then it will be drawing if money from tha business has been withdrawn for purchase & the entry in both case will be:-

drawing a/c dr
to cash/creditor