Entry for sale of machinery in tally
This query is : Resolved
11 September 2015
HI,
WHAT IS THE JOURNAL ENTRY FOR SALE OF MACHINERY AND HOW SHOULD WE UPDATE IN TALLY.
WHAT IS THE JOURNAL ENTRY FOR SALE OF MACHINERY AND HOW SHOULD WE UPDATE IN TALLY.
11 September 2015
How to pass sale of machinery entry through sales voucher, so that sales can be affected in tally?
Ram Avtar Singh
(Expert)
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
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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