Entry for sale of machinery in tally

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Pramod

Pramod (Querist)
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11 September 2015 HI,

WHAT IS THE JOURNAL ENTRY FOR SALE OF MACHINERY AND HOW SHOULD WE UPDATE IN TALLY.

Pramod

Pramod (Querist)
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11 September 2015 How to pass sale of machinery entry through sales voucher, so that sales can be affected in tally?

Ram Avtar Singh

Ram Avtar Singh (Expert)
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11 September 2015 Create fixed assets sale ledger and pass as all sales entry passed. then sales of fixed assets transfer by journal entry to plant and machinery account.

secondly plant and machinery credit by depreciation charge up to date.

Third profit/loss on sale dr/cr to plant and machinery

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Entry for sale of machinery in tally

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