Construction purchases accounting
This query is : Resolved
10 February 2012
Hi !
1) how to account the cash purchases in Tally i.e by Purchase voucher or Payment voucher ?
2)what evidence can i submit to the auditors in support of the above voucher for auditing of the i)labour exp ii)sand, dust purchases from unorganised suppliers ?
pls give me a solution !!
1) how to account the cash purchases in Tally i.e by Purchase voucher or Payment voucher ?
2)what evidence can i submit to the auditors in support of the above voucher for auditing of the i)labour exp ii)sand, dust purchases from unorganised suppliers ?
pls give me a solution !!
11 February 2012
1. Since cash purchase, you can make payment voucher also. but under sales tax act purchase need to be maintained vendor details , so better go for purchase voucher and make further payment made through vendor
2. Voucher supporting for purchase, P.O/GRN/Invoice/D.C and labor bill need to be shown the payment details with labour name, sand & dust purchase also can be shown invoice from unregister suppliers
2. Voucher supporting for purchase, P.O/GRN/Invoice/D.C and labor bill need to be shown the payment details with labour name, sand & dust purchase also can be shown invoice from unregister suppliers
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