Entry for purchasing mobile for self use / gift
This query is : Resolved
Abhishek Agarwal
(Querist)
23 November 2018
Hello experts!
Please advise how to do entry in tally for purchasing mobile phone with GST invoice. Payment has been done by a friend on my behalf. Invoice is on my company's name. I have to make payment to my friend. I will make payment by bank transfer.
Thanks.
Please advise how to do entry in tally for purchasing mobile phone with GST invoice. Payment has been done by a friend on my behalf. Invoice is on my company's name. I have to make payment to my friend. I will make payment by bank transfer.
Thanks.
CA.Sourabh Sethia
(Expert)
23 November 2018
As per your Query it seems that its a company (Constitution) therefore i assume you are a director
In the Books of Company
Director Remuneration/Welfare Expenses ....Dr
To Abhishek Agrawal
Abhishek Agrawal.......Dr
To Bank
in the books of Abhishek
Mobile A/c ..............Dr
To Director Remuneration
Friend A/c Dr
To Bank
Bank A/c Dr
To Company
Company A/c Dr
To Friend
In the Books of Company
Director Remuneration/Welfare Expenses ....Dr
To Abhishek Agrawal
Abhishek Agrawal.......Dr
To Bank
in the books of Abhishek
Mobile A/c ..............Dr
To Director Remuneration
Friend A/c Dr
To Bank
Bank A/c Dr
To Company
Company A/c Dr
To Friend
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