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 !!
CMA Ramesh Krishnan
(Expert)
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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