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Deposit for asset

This query is : Resolved 
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(Querist)
11 February 2011 Our company deposited 1000/- as deposit fee for Honda Activa and it should be delivered in April 2011 so now my doubt is what entry should i pass for that 1000 in my books and also please suggest thier respective undergroups i have to give in Tally

thanks in advance
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CA Anisha Ray

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CA Anisha Ray (Expert)
12 February 2011 The entry to be passed in tally will be:

Deposit for Asset A/c ...Dr. 1000
To Cash / Bank A/c 1000

Deposit will be reflected under Current Assets group as an asset till the time you receive the asset.
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