Asset purchase entry
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 January 2015
Dear all
please clearfy we has been purchase on car for montly installment how make entry in tally
please clearfy we has been purchase on car for montly installment how make entry in tally
21 January 2015
you need to make entry as follows:
car a/c.....dr full amount
to Bank a/c (amount paid till now)
to showroom owners shop name (balance payable)
and when u make payment entry everytime repeat this following entry:
showroom owners shop a/c debit...(amount paid as installment)
to bank a/c
note that depreciation to be charged on full amount but for year1 from date of purchase till 31.3 of next year
and from next year on full amount for whole year.
car a/c.....dr full amount
to Bank a/c (amount paid till now)
to showroom owners shop name (balance payable)
and when u make payment entry everytime repeat this following entry:
showroom owners shop a/c debit...(amount paid as installment)
to bank a/c
note that depreciation to be charged on full amount but for year1 from date of purchase till 31.3 of next year
and from next year on full amount for whole year.
22 January 2015
car
to vendor
vendor a/c
to loan company
to bank
loan company a/c
intt on loan
to bank
to vendor
vendor a/c
to loan company
to bank
loan company a/c
intt on loan
to bank
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