DEAR SIR/MADAM,
WE ENTRY IN TALLY FOR FIXED ASSETS WITH INVENTORY, A/C HEAD, FIXED ASSETS(+) SHOWING IN ASSETS SIDE, BUT CLOSING STOCK SHOWING IN MINUS IN LIABILITY SIDE, PLEASE ANYBODY EXPLAIN IT.
GANESH KUMAR KASHYAP (Private Job) (206 Points)
28 July 2015DEAR SIR/MADAM,
WE ENTRY IN TALLY FOR FIXED ASSETS WITH INVENTORY, A/C HEAD, FIXED ASSETS(+) SHOWING IN ASSETS SIDE, BUT CLOSING STOCK SHOWING IN MINUS IN LIABILITY SIDE, PLEASE ANYBODY EXPLAIN IT.
chandra
(student)
(528 Points)
Replied 28 July 2015
Dear Ganesh
Are you debiting Fixed Assets and crediting Inventory (Current Assets), for purchase of fixed assets.
Get your basics right
Tarun
(AM)
(216 Points)
Replied 28 July 2015
amit aggarwal
(Tax Professional)
(80 Points)
Replied 28 July 2015
GANESH KUMAR KASHYAP
(Private Job)
(206 Points)
Replied 30 July 2015
Dear SIR/MADAM,
PURCHASE FOR FIXED ASSETS IN TALLY,
DR. FIXED ASSETS A/C
TO PARTY A/C
& FOR PAYMENT
DR. PATY A/C
TO CASH A/C
FOR FIXED ASSETS LEDGER ( SET INVENTORY VALUE ARE EFFECTED FOR YES)
SO WHY CLOSING STOCK SHOWING IN LIABILITY SIDE.
sweety
(Faculty)
(21 Points)
Replied 30 July 2015
GANESH KUMAR KASHYAP
(Private Job)
(206 Points)
Replied 30 July 2015
DEAR SIR/MADAM,
HOW TO CREATE A LEDGER FIXED ASSETS A/C. IF I WANT TO MAINTAIN STOCK MANAGEMENT WITH FIXED ASSETS.
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