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.
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
(Expert)
07 June 2011
Purchase-Raw Material A/c Dr xxxx
To Cash A/c xxxx
To Cash A/c xxxx
Message likes :
1 times
CA M. ASIF FAROOQUI
(Expert)
07 June 2011
PURCHASE-RAW MATERIAL A/C DR
VAT A/C DR(IF ELIGIBLE FOR CREDIT APPLICABLE)
TA CASH A/C
VAT A/C DR(IF ELIGIBLE FOR CREDIT APPLICABLE)
TA CASH A/C
CA M. ASIF FAROOQUI
(Expert)
07 June 2011
PURCHASE-RAW MATERIAL A/C DR
VAT A/C DR(IF ELIGIBLE FOR CREDIT APPLICABLE)
TA CASH A/C
VAT A/C DR(IF ELIGIBLE FOR CREDIT APPLICABLE)
TA CASH A/C
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
(Expert)
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as you said that purchase is not related to business,then it will be drawing if money from tha business has been withdrawn for purchase & the entry in both case will be:-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
drawing a/c dr
to cash/creditor
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